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Malawi risks losing $125.8M in agricultural funds due to slow spending and weak capacity, prompting urgent reforms.
Malawi risks losing about K150 billion in agricultural development funds due to slow spending and poor fund absorption in the six-year Trade Programme, which aims to boost rural livelihoods through key crops and livestock.
After five years, only $40 million (K70 billion) of the $125.8 million (K220.3 billion) budget has been used, hindered by delayed procurement, staff shortages, weak local capacity, and flawed processes.
The government, led by Minister Ben Phiri, has formed a task force to address issues by January 1, 2026, to prevent forfeiture, following a prior loss of K25 billion in grants.
Experts urge reforms like simplified procurement, digital systems, and better training to ensure funds reach rural communities effectively.
Malawi corre el riesgo de perder $ 125.8 millones en fondos agrícolas debido a un gasto lento y una capacidad débil, lo que provoca reformas urgentes.