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Malawian Parliamentary Oversight on Economy could be the sustainable solution to the acute forex shortage in the country thereby guarantee success of MIP 1 of Vision 2063

Author

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  • Phiri Kampanje, Brian

Abstract

Malawi has been battling with inflationary factors attributed to traders quoting their goods and services in USD albeit with little success. Furthermore, the significant trade imbalances is not verified stoking fear this is more to do with illegal externalisation of forex in the absence of pre-shipment inspection services in Malawi. This study has also confirmed that petroleum products and inorganic fertilisers are not the biggest users of forex in Malawi but that printed materials and industrial machinery had significant chunk as well. It is recommended that Malawian Parliament should enhance its oversight role to protect country’s forex and curb cost-push inflation.

Suggested Citation

  • Phiri Kampanje, Brian, 2022. "Malawian Parliamentary Oversight on Economy could be the sustainable solution to the acute forex shortage in the country thereby guarantee success of MIP 1 of Vision 2063," MPRA Paper 114353, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114353
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    More about this item

    Keywords

    Parliament; Malawi; Oversight; Policy; Forex;
    All these keywords.

    JEL classification:

    • P40 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - General
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • P49 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Other

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