Malawi President Suspends Foreign Trips by Officials Over Currency Devaluation
Malawi President Lazarus Chakwera has suspended his foreign trips and those of government officials as part of austerity measures to cushion the impact of the recent 44% devaluation of local currency on the country's economy. In his televised address to the nation Wednesday night, Chakwera ordered a cut by half on fuel allowances allocated to top government officials, including cabinet ministers. The Reserve Bank of Malawi this month announced the devaluation of local currency to align it with... Читать дальше...