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Malawi struggle with fiscal consolidation amid deteriorating economic situation

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Chifipa Mhango, Chief Economist at the Don Consultancy Group and National Director for Economic Affairs for Malawi's Alliance for Democracy, has highlighted the Malawian government's struggle with fiscal consolidation amid a deteriorating economic situation.

Mhango points to the country's import cover, a key indicator of foreign exchange reserves, which has plummeted to just 0.5 months, or 15 days' worth of import cover-one of the lowest levels seen in recent years.

This decline comes as Malawi faces mounting pressure from rising debt levels, inflation, and a weakened local currency, all of which are straining the economy.

For more on this, Peter Ndoro spoke to Chifipa Mhango....

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