Dalitso Kabambe: Malawi's Strategy for Financial Inclusion for the period 2016 to 2020

Remarks by Mr Dalitso Kabambe, Governor of the Reserve Bank of Malawi, at the Inaugural Financial Inclusion Indaba and Launch of the National Strategy for Financial Inclusion, Lilongwe, 27 July 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I am delighted to be part of this Indaba where the country's Strategy for Financial Inclusion for the period 2016 to 2020 is being launched. 

Firstly, I wish to agree with other speakers that this meeting could never have taken place at such an opportune time other than this. Our country has just weathered off some of the major shocks of our time. First was the historic devaluation in 2012, then cashgate in 2013 which led to withdrawal of general budget support and then the effects of climate change in 2015 and 2016. As a result of these shocks, inflation persistently remained high over the years, interest rates were also high, Kwacha was volatile and public debt soared.