"It's shameful that the UDF party wants to take us back to the dark days,"

Mr Gwanda Chakuamba (2003)

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Wednesday, June 11, 2008

Malawi receives MK22.5 Billion from the Norwergian Government based on sound economic principles

Blantyre, Malawi - Norway will be giving Malawi 5.5 billion Malawi
Kwacha every year for the next four years for development projects in
the African country, a visiting Nowergian official has said.

"This is under a development co-operation agreement the two
governments have signed," the Norwegian Secretary of State for
Development, Haakon Gulbrandsen, said as as an agreement to this effect
was signed here Tuesday.

Under the agreement, Norway will also
support the country's fertiliser subsidy programme this year with more
than 420 million Malawi Kwacha.

Speaking during the signing
ceremony, Gulbrandsen said his country would support Malawi's efforts
to reduce poverty and sustain the country's economic growth.

He said the support was based on sound economic principles shown by the administration of President Bingu Mutharika.

Finance Minister Goodall Gondwe said the agreement was an important
milestone in the development of co-operation between Norway and Malawi.

Norway's decision to fund the fertiliser subsidy programme, which most
of the West had shunned, Gondwe said: "It's a very welcome surprise to
me. We are having difficulties because the amount of fertiliser that we
use has risen astronomically."

Gulberesen said Norway's first
area was governance through which the Scandinavian kingdom would
support efforts to improve good governance, policy making and im
plementation through budget support and capacity building.

Norway will also support health and efforts to deal HIV/AIDS as well as improved health service delivery.

The third area of support will be environment, sustainable management of natural resources, agrculture and gender issues.

Blantyre - 10/06/2008


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