Finance minister Simplex Chithyola Banda says Malawi will soon transition from a low-income to a middle-income country.
He made the remark during the joint launch of the Integrated National Financing Framework and the Sustainable Development Goals-SDGs Investor Map for Malawi.
In an interview with MIJ Online, Chithyola Banda said the framework aimed at bridging critical funding gaps by optimizing existing resources and attracting new investment in the country.
On the other hand, he said the SDGs Investor map will help to unlock private capital for SDG-aligned projects, thereby ensuring balance between profitability and positive sustainable development outcomes.
In her remarks, Rebecca Adda-Dontoh, UN Resident Coordinator, said that Malawi’s transition from low-income to middle-income status is achievable through collaborative efforts from both the public and private sectors.
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