Malawi 2063 was launched by the country’s President Dr Lazarus Mccarthy Chakwera on January 20, 2021. Malawi 2063 aims to transform Malawi into a wealthy and self-reliant industrialized ‘upper- middle-income country by the year 2063. Already, projections indicate that if the economy grows at an annual average rate of six percent, Malawi will attain the low middle-income status by 2030. The plan was deliberated upon in consultation with the various stakeholders including Government Ministries, Departments and Agencies (MDAs), private sector, academia, research institutions, Civil Society Organizations (CSOs), Non-Governmental Organizations (NGOs), political and traditional leaders, Faith-Based Organizations (FBOs), trade unions, development partners and the general public. Thus, the tenets of the plan reflect the aspirations of all the sections of the people of Malawi.
Malawi 2063 is centred around three pillars. The first pillar is Agricultural Productivity and Commercialisation. The plan realises that the transformation of the agriculture sector is central to the welfare of citizens, but also given that the linkage between the sector and industry would spur socio-economic development. Industrial development will not be progressive unless agriculture is innovative and productive. Enhancing agricultural productivity is thus a priority of Malawi 2063. There shall be a clear distinction between programmes that enhance agricultural productivity through the provision of subsidies to resource-poor farmers and as safety nets to vulnerable households. As part of agricultural commercialisation, Malawi 2063 will embark on a progressive and extensive agricultural commercialization programme to boost incomes and spur economic growth. Beyond focusing on crops that guarantee food security, emphasis shall be on strategic crops, livestock and fisheries that will yield high income in the local, regional and international markets. The plan also calls for promoting sustainable land management practices and climate smart and resilient agriculture.
The government of Malawi will also promote increased use of modern technologies and farm mechanization
The second pillar of Malawi 2063 is Industrialisation. Malawi will pursue an industrial revolution driven by strong human capital and utilization of local resources. As part of this pillar, Malawi will revamp its manufacturing drive and create an environment that encourages a vibrant private sector-led manufacturing industry supported by strong public-private alliances. Under this pillar, the country will implement prudent fiscal and monetary policies that aim to support industrialization, including limiting public spending within the available resource envelope and only borrowing for projects with high economic returns. A focus will be on consistently developing bankable projects to attract financing and complement public financing of infrastructure and to provide incentives that attract private sector investment in infrastructure without compromising public revenue collection objectives while ensuring that Government efforts in resource mobilization are maximized. Tapping on investments in transport and storage infrastructure, the country will accord priority to areas with competitive advantage in the production of export commodities. Aligned to the national strategies that aim to promote exports, Malawi will work towards diversifying export products within the agricultural sector and towards other sectors, including mining and tourism.
The third pillar is Urbanization which entails building world-class urban centres and tourism hubs across the country, with requisite modern socio-economic amenities. Malawi will develop and implement strategies that facilitate urban development. This will create opportunities that focus on absorbing the increasing unemployed population from rural-urban migration. Urbanization will, therefore, contribute to the realization of the aspiration of inclusive wealth creation and self-reliance. Malawi will embark on integrated development planning with a focus on the development of smart cities and world class urban centres that will improve transport and accessibility to social services such as health, education and housing. The attainment of these three pillars will be catalysed by seven enablers, namely: mindset change; effective governance system; public sector performance; private sector dynamism; human capital development; economic infrastructure; and environmental sustainability. Thus, Malawi 2063 sets a clear-path to the country realizing the 2030 Agenda for Sustainable Development and catalyse sustainable and inclusive wealth creation in order to realize a self-reliance agenda.
Photo Credit : https://en.wikipedia.org/wiki/Lilongwe#/media/File:LILONGWE_CITY_AT_NIGHT.jpg