Introduction
(Section 1)
The need for this Growth Strategy was identified by both the Government of Malawi (GoM) and the Private Sector. His Excellency, the President, Dr. Bakili Muluzi launched the Malawi Poverty Reduction Strategy (MPRS) in April 2002 as Malawi's response to the Poverty situation facing the country. The first 'pillar' of the MPRS calls for the implementation of a Pro-Poor Growth Strategy that stimulates private sector growth in ways that directly attack poverty. In addition, the Private Sector through the National Action Group (NAG) proposed that a Business Plan for Malawi be developed to stimulate private sector growth. This document brings together the shared aims of the Public and Private Sectors in a Growth Strategy for Malawi ('Growth Strategy') that focuses on stimulating Private Sector growth and ensuring that the Poor are key participants and beneficiaries of that growth.
The overall objectives of the Growth Strategy are:
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To create an overall macro-economic environment conducive to broad based growth of at least 6% p.a. that is maintained over the long-term
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To ensure wide participation in and sharing of the benefits from higher economic growth
A Programme for Economic Empowerment is being developed to complement this Growth Strategy to ensure that Malawians are both participants in and beneficiaries of economic growth.
The Ministry of Economic Planning and Development (MEPD) was given the role of co-ordinating the development of the Growth Strategy and a Taskforce was established drawing on key economic Ministries and Agencies and supported by the National Action Group Secretariat. There has been a series of consultation activities with the private sector and other key public sector organisations, including face-to-face meetings, National Events and Sub-sector working groups.
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