Lilongwe, Thursday, June 23, 2022
The Centre for Democracy and Economic Development Initiatives (CDEDI) has noted with dismay the midnight fuel price increase following, among other prevailing factors, the recent 25 percent devaluation of the Malawi Kwacha.
CDEDI’s immediate reaction is that the fuel price hike is unacceptable, insensitive and an outright attempt to squeeze lives out of millions of poor and ultra-poor Malawians.
Secondly, it is apparent that the government is working hard to please the International Monetary Fund (IMF), thereby conveniently crucifying millions of vulnerable and marginalized voters who are already struggling to make ends meet due to the ever skyrocketing cost of living, mirrored through the increase in prices of basic needs such as maize, cooking oil, water, electricity, sugar and bread, just to mention a few.
Coincidentally, this is coming exactly two years of President Lazarus Chakwera’s regime, and the voters’ memories are still fresh that he promised to resign should he fail to fix the economy within two years of his tenure. This is probably the best time for the President to honour his promise!
With the absence of tangible measures to cushion the marginalized and vulnerable Malawians who are in majority, the austerity talk remains a mockery on the agony of the people.
CDEDI is monitoring the situation and will soon issue a statement.