By Burnett Munthali
During recent statements on economic recovery and debt management, former President Joyce Banda pledged to promote mining and tourism as key drivers for revitalizing Malawi’s economy and managing national debt.
She emphasized that these sectors are critical not only for generating revenue but also for creating sustainable employment opportunities and attracting foreign investment.

Dr. Dalitso Kabambe, another presidential candidate, announced plans to implement a “zero budget” economic strategy that avoids borrowing from external sources.
Kabambe stated that he would collaborate closely with international organizations and foreign governments capable of helping Malawi overcome inefficiencies and economic challenges.
Former President Bakili Muluzi highlighted that since he does not yet have full knowledge of the country’s financial situation, his initial priority would be to ensure that donor organizations and international partners have renewed confidence in Malawi.
He also pledged to stimulate trade, commerce, and other economic activities to strengthen the domestic economy.
All three candidates confirmed that they would work collaboratively with international financial institutions such as the International Monetary Fund (IMF) and the World Bank to ensure sustainable economic growth.
*Concluding Analysis*
The statements from Banda, Kabambe, and Muluzi underscore that economic recovery and debt management are central issues in Malawi’s upcoming presidential race.
While Banda focuses on leveraging natural resources and tourism, Kabambe emphasizes financial prudence and a zero-borrowing strategy, and Muluzi stresses restoring international confidence and boosting trade.
Collectively, their proposals reflect a recognition of Malawi’s pressing economic challenges, including debt pressure, underdeveloped sectors, and the need for effective coordination with global financial institutions.
The coming months will reveal which strategies resonate most with Malawians seeking sustainable economic solutions and a pathway to financial stability.

