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Malawi changes financing model for infrastructure
['Grace Phiri', 'Awistackyo Kabwinja', 'Wasili Gomani', 'William Nthala', 'Isaac Chikuniwenda Mtonga']
Nation Online
The Malawi Government says it is turning to commercial banks and other private sector financing models to sustain infrastructure development amid dwindling donor support and rising fiscal pressures.
“We are also partnering with banks in infrastructure development where a couple of roads that will be built going forward will be financed by resources from the banks.”
Conference chairperson and University of Johannesburg professor Innocent Musonda said Malawi has many financing options on the domestic market, including pension funds to support infrastructure development.
The three-day conference is being held under the theme ‘Infrastructure for a new development era: Climate resilience, innovation and investment partnerships’.
It has brought together experts and stakeholders from within and abroad to explore sustainable and innovative approaches to infrastructure development.