Malawi’s reserves insufficient and volatile: Ligoya
Malawi's main challenge is the generation of sufficient foreign-exchange reserves to meet the economy's growing demand for imports, said Perks Ligoya, the governor of the country's central bank.
Ligoya said imports have grown phenomenally in the past three years due to increased demand for machinery, industrial raw materials and, most importantly, agricultural inputs particularly fertilizer. He said other imports also registered a significant growth both in volume and value terms.
The governor
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