Standard Bank Malawi has welcomed the new administration’s resolve to restore economic stability, predictability and sound governance following the inauguration of President Arthur Peter Mutharika. “We welcome the new administration’s resolve for a return to economic stability, predictability and strong governance,” Chief Executive Officer Phillip Madinga said in a statement. He also noted the president’s intention to renew relations with Washington through his personal ties with U.S. President Donald Trump. Madinga said the bank expected stronger cooperation between the private and public sectors during the government’s three-month transition period. The new government has pledged to stabilise the currency, attract investment and rebuild ties with international partners to restore growth.