AfDB tips Malawi on economic growth – The Nation Online: he African Development Bank (AfDB) says Malawi needs to scale up its public investment by 100 percent to $1.2 billion (about K912 billion) to double its per capita income.
At about $1.2 billion, this is about 65 percent of the 2018/19 National Budget of K1.4 trillion and about 21 percent of gross domestic product (GDP).
In its paper titled A DGE Model for Growth and Development Planning: Malawi, the pan-African bank said increased investment will enable the country to boost the average income earned per person from less than $500 (about K370 000) to about $1 000 (K740 000).
At about $1.2 billion, this is about 65 percent of the 2018/19 National Budget of K1.4 trillion and about 21 percent of gross domestic product (GDP).
In its paper titled A DGE Model for Growth and Development Planning: Malawi, the pan-African bank said increased investment will enable the country to boost the average income earned per person from less than $500 (about K370 000) to about $1 000 (K740 000).
