Chakwera leaves for World Economic Forum

Chakwera

Malawi President Lazarus McCarthy Chakwera leaves the country on Friday for this year's  World Economic Forum scheduled for Davos, Switzerland. 

The five-day global forum commences on Saturday, May 21 to May 25 next week. 

A press statement, released late on Thursday by the Ministry of Foreign Affairs, suggested that Chakwera's attending the session is in view of the economic challenges the country is facing, exacerbated by various global factors that require multilateral solutions. 

Among others, it cited the Covid-19 pandemic, climate-induced disasters, and the Russia-Ukraine War as some of the key causes for a global economic turmoil.

"Especially in low-income and vulnerable economies like the Least Developwd Countries (LDCs) and the Southern Africa Development Community (SADC) that are both chaired by Chakwera. This explains the invitation where the President will join other world leaders in charting a path towards equitable and fair global economic recovery," reads part of the statement.

However, the President will only return back home on Sunday, May 29 as he is also expected to pass through Malabo in Equatorial Guinea on African Union (AU) duties.

Chakwera will attend the AU's 15th Extraordinary Summit Meeting.

Adds the statement: "[While still there] the President will also attend the AU's16th Extraordinary Summit  Meeting on Terrorism and Unconstitutional Changes of Government."

Among others, the meetings are meant to discuss the aforementioned challenges facing the region and develop resource mobilisation strategies for addressing the same. 

The other conference on Terrorism comes at a time when there are continued coupes on the continent, especially around the Economic Community of West African States (Ecowas) region.

Chakwera has since vowed to resuscitate the country's  economy which has dwindled to alarming levels in recent years, though he has been quick to say the task requires concerted efforts from various players including the private sector  and the citizenry at large.