Malawi President Bingu wa Mutharika is launching his much-touted development blueprint called Malawi Growth and Development Strategy (MDGS) in the capital Lilongwe on Wednesday.
The development blueprint is an effort to create wealth through sustainable economic growth and infrastructure development in the country, according to the president.
Mutharika wants to change Malawi from being a consumer into a producer in the mould of Asian tiger states of Malaysia and Taiwan.
Speaking to APA on Wednesday in Lilongwe, his Economic Planning and Development Minister Ted Kalebe said the MDGS is expected to transform Malawi from being a mainly importing and consuming state into a predominantly manufacturing and exporting country.
Kalebe added that the strategy also expects to increase Malawi’s an annual Gross Domestic Product (GDP) rate from six per cent to nine per cent.
"If the MGDS is well implemented, it will help Malawi transform its economy, thereby attracting more investors — and at the same time improving the people\’s living standards,\" he said.
To generate immediate economic benefits, the minister said, the MGDS places emphasis on the six key priority areas of development.
These are agriculture and food security, irrigation and water, transport infrastructure development, energy generation and supply, integrated rural development and prevention and implementation of malnutrition disorders, and HIV/Aids.
Wednesday, 25 July 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment