By Burnett Munthali
Former President and Democratic Progressive Party (DPP) leader, Professor Arthur Peter Mutharika, has warned that the suspension of the $175 million Extended Credit Facility (ECF) by the International Monetary Fund (IMF) signals looming disaster for Malawi’s fragile economy.
Speaking during a press briefing, Mutharika described the IMF’s decision as a major blow that could plunge the country deeper into financial instability and worsen the lives of ordinary Malawians already facing economic hardship.
He emphasized that the suspension of the ECF reflects not just the government’s fiscal mismanagement but also a broader loss of international confidence in Malawi’s economic governance.
Beyond the ECF suspension, Mutharika revealed that he would also address rising political violence, which he claims is being perpetrated by supporters of the ruling Malawi Congress Party (MCP).
He expressed deep concern over the growing culture of intolerance and intimidation, warning that such actions threaten Malawi’s democracy and the integrity of the upcoming general elections.
Mutharika said the DPP remains committed to ensuring free, fair, and peaceful elections, and he called on all political players to respect the rule of law and democratic values.
He concluded by stating that Malawians deserve better leadership and governance that inspires confidence both locally and internationally.
