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Chalo cha Malawi
Dziko la Malaŵi

Republic of Malawi

Flag of Malawi Coat of Arms of Malawi
Motto
Unity and Freedom
Anthem
Mulungu dalitsa Malaŵi
Oh God Bless Our Land of Malawi
Map of Malawi
CapitalLilongwe
Government Presidential republic
President
- From 2004Bingu wa Mutharika
Legislature National Assambly
History
July 6, 1964Independence
Commonwealth accessionJuly 6, 1964
Area118,484 km²
Population
- 201014,901,000
 Density125.7/km²
GDP2010 (PPP)
- TotalUS$ 12.3 billion
- Per capitaUS$ 827
CurrencyKwacha
Flag of Malawi Malawi
v

Republic of Malawi is a nation in Africa. Established in 1891, the British protectorate of Nyasaland became the independent nation of Malawi in 1964. After three decades of one-party rule under President Hastings Kamuzu BANDA the country held multiparty elections in 1994, under a provisional constitution that came into full effect the following year. Current President Bingu wa MUTHARIKA, elected in May 2004 after a failed attempt by the previous president to amend the constitution to permit another term, struggled to assert his authority against his predecessor and subsequently started his own party, the Democratic Progressive Party (DPP) in 2005. As president, MUTHARIKA has overseen some economic improvement. Population growth, increasing pressure on agricultural lands, corruption, and the spread of HIV/AIDS pose major problems for Malawi. MUTHARIKA was reelected to a second term in May 2009.[1]


Background

Established in 1891, the British protectorate of Nyasaland became the independent nation of Malawi in 1964. After three decades of one-party rule under President Hastings Kamuzu BANDA the country held multiparty elections in 1994, under a provisional constitution that came into full effect the following year. Current President Bingu wa MUTHARIKA, elected in May 2004 after a failed attempt by the previous president to amend the constitution to permit another term, struggled to assert his authority against his predecessor and subsequently started his own party, the Democratic Progressive Party (DPP) in 2005. As president, MUTHARIKA has overseen some economic improvement. Population growth, increasing pressure on agricultural lands, corruption, and the spread of HIV/AIDS pose major problems for Malawi. MUTHARIKA was reelected to a second term in May 2009.[2]

Economy

Landlocked Malawi ranks among the world's most densely populated and least developed countries. The economy is predominately agricultural with about 80% of the population living in rural areas. Agriculture, which has benefited from fertilizer subsidies since 2006, accounts for more than one-third of GDP and 90% of export revenues. The performance of the tobacco sector is key to short-term growth as tobacco accounts for more than half of exports. The economy depends on substantial inflows of economic assistance from the IMF, the World Bank, and individual donor nations. In 2006, Malawi was approved for relief under the Heavily Indebted Poor Countries (HIPC) program. In December 2007, the US granted Malawi eligibility status to receive financial support within the Millennium Challenge Corporation (MCC) initiative. The government faces many challenges including developing a market economy, improving educational facilities, facing up to environmental problems, dealing with the rapidly growing problem of HIV/AIDS, and satisfying foreign donors that fiscal discipline is being tightened. Since 2005 President MUTHARIKA'S government has exhibited improved financial discipline under the guidance of Finance Minister Goodall GONDWE and signed a three year Poverty Reduction and Growth Facility worth $56 million with the IMF. Improved relations with the IMF lead other international donors to resume aid as well. The government has announced infrastructure projects that could yield improvements, such as a new oil pipeline, for better fuel access, and the potential for a waterway link through Mozambican rivers to the ocean, for better transportation options. Since 2009, however, Malawi has experienced some setbacks, including a general shortage of foreign exchange, which has damaged its ability to pay for imports, and fuel shortages that hinder transportation and productivity. Investment fell 23% in 2009, and continued to decline in 2010. The government has failed to address barriers to investment such as unreliable power, water shortages, poor telecommunications infrastructure, and the high costs of services.[3]

  • Bingu wa Mutharika () (May 24, 2004 - )



Nation

Malawian Polities

Neighbouring Nations

References

  1. The CIA World Factbook
  2. The CIA World Factbook: Introduction - Background
  3. The CIA World Factbook: Economy - Overview
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