Malawi Set to Benefit from US Government 55 Billion US Dollar Support to Africa
President Lazarus Chakwera says Malawi is set to benefit from the commitment support the United States government had made to Malawi at the just Ended U.S Africa Leaders’ Summit in Washington DC.
Briefing journalists at the end of the summit and before his return to Malawi, president Chakwera said the summit has given Malawi great opportunity to fulfil its shared vision of creative wealth, job and food security.
According to Chakwera the summit has provided great opportunity for Malawi to sell its shared vision and that this will go a long way in unlocking wealth, job creation and also attaining food security.
“The country will benefit a lot from the US-African partnership if commitments made by the US government to invest in key sectors of the economy are anything to go by. My administration is advancing a shared vision in promoting its key sectors namely, Agriculture, Tourism and Mining which he has since termed the ATM strategy, sectors that the US administration is also interest to support,” he said.
During the summit President Joe Biden reaffirmed his commitment to Africa by supporting the continent through promotion of a two-way trade and investment between US and the continent, commitments he said he will be keenly following up.
Amongst them is the 55 billion United States dollar investment to Africa towards agriculture, mining, tourism, energy, trade, just to mention but a few, an additional 2.5billion support to Africa towards humanitarian aid and food security and also facilitating a 20billion United States dollars loan from the International Monetary Fund to Africa.
To strengthen the collaboration between the US and Africa in achieving all this, Biden announced he will establish a special team to coordinate the US Africa leaders’ summit.
The 2022 Africa leaders summit took place for the second time after its inauguration in 2014 during president Barack Obamas administration