2024-06-13

Health Sector receives financial boost from the World Bank

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The Health sector has received a financial boost to deal with the outbreak of Cholera and some recurrent expenditures as the World Bank has committed to resume budgetary support by pumping in $150 Million.

Victoria Kwakwa, World Bank Regional Vice President for Eastern and Southern Africa disclosed the development when he met the State President, Dr Lazarus McCarthy Chakwera in Washington DC, United States of America.

Dr Chakwera left the country for Washington DC where he went to attend the Second U.S African Leaders summit and he met Kwakwa on the sidelines of the Summit as he had already had discussions with the World Bank Executive Director when he visited the World Bank Group in September this year.

Kwakwa said, “World Bank has agreed to step up engagements and support Malawi as the country walking through difficult economic situations.

“WE have speeded up disbursement under the existing portfolio. We have also put in place $50 million [which is over K51 Billion] which will he made available soon to go into the budget to support maize purchase and the fight against Cholera.

“We also have $100 million of support through an emergency health project that will support recurrent expenditure to get health personnel in place and other needs in the sector which is also going to be approved next week. We will disburse the first $50 million immediately and the rest will come in due course,” Malawi Broadcasting Corporation reporter quoted.

The Minister of Health, Khumbize Kandodo Chiponda has expressed her commandment to the World Bank for the gesture saying the support will specifically help the county to deal with the Cholera crisis that has hit the country.

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