‘Stability key to economic growth’

‘Stability key to economic growth’

Post was last updated: May 28, 2020

A study by the National Planning Commission (NPC) has established that youth hold that a stable economy and improved education services will lead to a prosperous economy in the long term.

Through the study, the commission asked participants what they want the country’s long-term goal to be.

About 41 percent of the respondents indicated that a stable economy will make Malawi self-reliant.

About 25 percent of the study sample believes there is need to enhance partnerships while 17 percent cited industrialisation as another way for Malawi to achieve self-reliance.

On what would make Malawi prosperous, 37 percent of the respondents cited education followed by 23 percent who said good governance and 6 percent of the respondents cited other factors such as owning a business.

In an interview, NPC Communications Specialist, Thom Khanje, said it is exciting to see the youth taking a lead in defining the Malawi they want to experience in future.

“NPC is primarily focused on future generations and considers the youth as a key partner in the designing and implementation of the next medium to long term development plan for Malawi, Nkhanje said.

Economist, Sane Zuka, said outcome of the study reveals how education is perceived as central to youth empowerment.

However, he said the youth understand that attainment of this goal is under threat in the country due to bad governance and have clearly communicated how political leadership has failed them.

“The most important thing regarding the aspirations of the youth is whether government as a duty bearer is helping them achieve their aspirations. This calls for commitment to allocate adequate budgetary funds to support their activities.

“The responses also reveal the need for setting and sticking to multiyear national budgetary targets that are consistent with national aspirations and objectives. Obviously, this group will need employment and thus creation of employment is a must policy for government if Malawi is to register sustained economic growth,” Zuka said.

The NPC is currently soliciting views on the country’s development agenda to be achieved by 2063.

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