Kabambe advises Govt on public resources expenditure reduction for possible economic recovery

By Chisomo Phiri

One of the Democratic Progressive Party (DPP) Presidential aspirants and Former Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe has advised President Dr. Lazarus Chakwera-led-government to reduce its expenditure in order to recover the bleeding economy.

Currently, the country is struggling to import various essential commodities such as fuel and medical drugs due to the shortage of forex.

In his comment, Kabambe, a Malawi’s renowned economic expert attributed the current situation to poor fiscal, monetary and exchange rate policies.


He agreed to the majority calls for the reduction of presidential trips, both local and international, to save public resources including forex.

“Let us wake up and save the public resources. Let us cut unnecessary travels that can contribute to the decline of our economy,” advised Kabambe.

Born on November 27,1973,Dalitso Kabambe is an economist, banker and politician.

He served as the 13th Governor of the Reserve Bank of Malawi from 2017 until 2020.

Kabambe holds a PhD and a master’s degree in Development Economics from Imperial College, University of London, United Kingdom which he obtained in 2008 and 2001 respectively.

He got his first degree from the University of Malawi in 1998.

He is eyeing for Malawi’s presidential seat during the 2025 tripartite elections