Forex Shortage Triggers Cost-of-living Crisis in Malawi 

Malawi’s central bank devalued the kwacha by 25 per cent last May to stabilise dwindling forex reserves. <br />John Kapito, executive director of the Consumers Association of Malawi, says the worst is yet to come. <br />He added that the country has failed to balance its imports against exports and has relied heavily on donors for its forex reserves. <br />He added that the government's revenue collection has drastically gone down as a result of market inactivity and currently struggling to pay for its oversized civil service.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>