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MGDS III

MGDS III. Ministry of Finance, Economic Planning and Development ECAMA Conference - Mangochi 9-10 N ovember 2017. Presentation outline. Introduction MGDS III Theme The situation The Challenges Microeconomic Management KPAs Way Forward. Introduction.

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MGDS III

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  1. MGDS III Ministry of Finance, Economic Planning and Development ECAMA Conference - Mangochi 9-10 November 2017

  2. Presentation outline • Introduction • MGDS III Theme • The situation • The Challenges • Microeconomic Management • KPAs • Way Forward

  3. Introduction • The MGDS III succeeds the MGDS II; at a time when we need to achieve the SDGs; • The priorities areas intend to address the key development challenges affecting the country; • Fragship projects have been identified for impact; • Centred around breaking silos; and consider synergies and interconnectedness of development areas across the economy; • All stakeholders have a role to play, be it technical or financial; • All policies and programmes are supposed to speak to this strategy for effectiveness

  4. MGDS III Theme ‘Building a Productive, Competitive and Resilient Nation’

  5. Towards Vision 2020

  6. The situation • Positive growth over the past decade. • The growth rate averaged around 6% per year over the last ten years,attributed to first MGDS. • The growth did not benefit the majority of Malawians • worsening poverty levels exacerbates the already high dependence ratio. • Between 2012 and 2017, the inflation rate was stable, but still high at around 20%compared to single-digit levels in the first half of the decade. • The bank lending rate remains high at 27.6%making borrowing costly for business esp. SMEs. • The population continue to increase at an alarming rate, and social and economic services are becoming thiner on the ground,

  7. Malawi’s population will continue growing throughout the rest of this century By 2070, more people > 40% will live in urban areas, but insufficient housing and amenities Source: Malawi Housing and Population Census, 2008; UN Population Division World Population Prospects, 2015

  8. Devt Challenges • Inadequate power supply for social, industry and domes tic use; • Narrow export base - net importer; • High unemployment rate • Overreliance on rain-fed agriculture has increased vulnerability to rural masses; • Unsustainable use of natural resources; • Corruption; • Underdeveloped financial sector;

  9. Governance • Anchors effective implementation of the MGDS III; • If MGDS III objectives are to be achieved doing business unusual will help; • Several governance tenets have been emphasised, thus: • Transparency, accountability and institutional strengthening - Corruption • Decentralisation • Public sector management - public sector reforms • Public finance management • Human rights • Upholding rule of law

  10. Macroeconomic Management • The plan is to grow the economy at an average of 7%, therefore we need: • Scaling up investment • Double per capita income from the current levels of $381 in the medium term • Financing Strategy – concessional borrowing, PPPs, development partner support • Improving project implementation – Flagship projects • Strengthening fiscal and monetary policies; and • Effective management of Government revenue and development resources • Good economic governance necessary

  11. Key Priority Areas • Agriculture, Water Development and Climate Change Management; • Education and Skills Development; • Energy, Industry and Tourism Development; • Transport and ICT Infrastructure; and • Health and Population.

  12. Agric., Water Dev & CC Magt Goal: To achieve sustainable agricultural transformation and water development that is adaptive to climate change and enhances ecosystem services. Planned interventions include: • Promoting and strengthening agricultural extension and rural advisory services • Increasing agricultural mechanization • Promoting infrastructure investments for large scale irrigation schemes • Promoting regional and global exports of value-added agricultural commodities; • Promoting climate-smart agriculture and sustainable land and water management; Flagship projects: • Green Belt Initiative • Salima-Lilongwe Water Project • Shire Valley Transformation Programme

  13. Agric., Water Dev & CC Magt

  14. 2. Education and Skills Development Goals: Improve quality and relevant education and skills for all Planned interventions: • Promoting Early Childhood Development active feeding and stimulation-learning activities at an early stage for all children; • Ensuring the availability of Teaching and Learning Materials (TLM) including for special needs learners; • Constructing and expanding secondary school physical infrastructures that are disability and gender sensitive; • Increasing training centres for skills development in the artisanal, technical and professional fields; • Ensuring the equitable participation of women and other marginalized groups in skills development training; Flagship Projects • Construction And Refurbishment Of Science Laboratories And Libraries In Community Day Secondary Schools. • Construction Of Primary Schools And Provision Of Equipment In Urban And Rural Areas • Construction Of Hostels In Secondary And Tertiary Institutions

  15. Education and Skills Devt …

  16. 3. Energy, Industry and Tourism Development Goal: Provide sufficient sustainable energy for industrial and socio-economic development. Some planned interventions: • Constructing additional hydro power stations along major rivers; and • Promoting private sector investment in energy generation and distribution through PPPs and Independent Power Producers (IPPs); • Addressing barriers to investment for both local and foreign investment; • Broadening the one-stop centre initiative; • Establishing special economic zones (SEZs) and business sourcing initiatives; • Ensuring participation of local investors in the tourism industry Some flagship projects • Construction of Coal Fired Power Plant At Kammwamba • Songwe River Basin Development Programme • Malawi Rural Electrification Project • Accelerating Investment In The Tourism Sector; Mapping And Zoning

  17. Energy, Industry and Tourism Devt

  18. Transport and ICT Infrastructure Goal: Develop a safe, affordable, reliable, equitable and sustainable transport and ICT infrastructure. Some planned interventions: • Undertaking systematic maintenance and rehabilitation of infrastructure • Promoting inter-modal competition or complementarity • Developing transport corridors in order to improve the competitiveness of Malawian goods and services on the regional and international markets • Developing a reliable, fast, adaptive and robust ICT infrastructure. Some flagship projects • Developing the Nsanje World Inland Port • Rehabilitation And Expansion of Railway Line (Limbe To Marka, Nkaya To Mchinji Railway Lines) • Construction And Rehabilitation of Ports And Jetties (Chipoka, Chilumba, Nkhatabay, Likoma And Nkhotakota) • Development Of National Fiber Backbone

  19. Transport and ICT Infrastructure

  20. Health and Population Goal: Improve health and quality of the population for sustainable socio-economic development. Some planned intervention: • Implementing full decentralization in the technical, administrative, and management functions of the health sector; • Expanding comprehensive primary and reproductive health care programmes • Strengthening prevention and management of infectious diseases • Ensuring increased utilization and access to Basic Health Package (BHP) within 5km radius; • Enforcing legislation against harmful practices that impact adversely on population and development including child marriage. Some flagship projects • construction of new district hospitals • construction of cancer centres; Lilongwe, Blantyre and Mzuzu • construction and upgrading of primary health care services

  21. Health and Population

  22. Other Development Areas • Financial Services • Vulnerability, Disaster Risk Management and Social Support • Gender, Youth Development, Persons with Disability and Social Welfare • Human Settlement and Physical Planning • Environmental Sustainability • HIV and AIDS Management • Nutrition • Peace and Security • Integrated Rural development

  23. Implementation framework • SWGs will continue to be used as a framework for MGDS III implementation, • Emphasis will be put on implementation of flagship projects; • All stakeholders are being advised to take up their roles for effective implementation - • National Planning Commission, MDAs, private sectors, development partners, civil society organisations • Financing Sources – various sources • PPP arrangement will be encouraged • Local resources, DP support, and all other partners • M&E will be emphasised to track devt progress in all sectors

  24. Thank you for your attention

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