By Burnett Munthali
Reserve Bank of Malawi (RBM) Governor George Partridge has called on commercial banks to step up their role in stimulating economic growth by channeling financing into productive sectors.
Speaking during his inaugural engagement with chief executives under the Bankers Association of Malawi (BAM), Partridge reaffirmed RBM’s commitment to safeguarding financial stability while promoting a market-led economy.
The RBM Chief further urged banks to move beyond reliance on government securities and instead design products tailored to private sector needs, a shift that could unlock new opportunities for businesses and individuals alike.
BAM President, Philip Madinga, welcomed the call, assuring RBM of the association’s support in advancing recovery and growth, and highlighting opportunities for banks to finance infrastructure projects.
Madinga underscored the importance of clear communication on policy reforms to avoid market uncertainty, a crucial step in building trust and confidence in the financial sector.
RBM and BAM pledged to deepen collaboration, with both institutions committing to sustained dialogue aimed at strengthening the financial sector and driving broader economic progress.
