Thursday, February 2, 2023
HomeBusinessHype ahead of Malawi central bank's 2022 Monetary Policy Conference

Hype ahead of Malawi central bank’s 2022 Monetary Policy Conference

LILONGWE-(MaraviPost)-There is great excitement among business captains across the country a head of much anticipated this year’s Reserve Bank of Malawi (RBM)’s monetary policy conference slated for capital Lilongwe from Thursday, September 29 to 30, 2022.

About 200 participants have registered to attend physically while 220 will participate virtually at attend at Bingu International Convention Centre (BICC).

The conference comes amid prevailing economic challenges that Malawi is facing including depreciation of the kwacha, scarcity of forex and fuel and high cost of living.

Central bank conference

In a brief statement made available to The Maravi Post, the central bank said the conference will provide right forum to brainstorm economic issues to enhance monetary policy in the current unfavorable conditions.

COVID-19 global pandemic has, amongst other effects, compelled central banks to deploy unconventional monetary policy measures in order to support economic recovery, while at the same time being mindful of the price stability objective.

“The pandemic has also led to the emergence of financial innovations, which may challenge the effectiveness of the traditional monetary policy design,” reads part of the statement.

RBM adds, ” It might, therefore, be important to accommodate these innovations in the current policy environment in pursuant of central banks’ mandates in order to enhance their effectiveness.

“This year’s conference, therefore, provides the right forum to brainstorm these issues with all relevant sectors of the economy to enhance monetary policy in the current environment“.

Labour Minister Vera Kantukule with the Reserve Bank Governor Dr. Wilson Banda will grace the conference.

The conference also comes barely weeks after International Monetary Fund (IMF) to put on hold talks on new extended credit facility (ECF) with Malawi until tangible resolution is made on the country’s debt sustainability management.

The Maravi Post has over one billion views since its inception in December of 2009. Viewed in over 100 countries Follow US: Twitter @maravipost Facebook Page : maravipost Instagram: maravipost    
Maravi Post Reporter
Maravi Post Reporterhttps://www.maravipost.com/
Op-Ed Columnists, Opinion contributors and one submissions are posted under this Author. In our By-lines we still give Credit to the right Author. However we stand by all reports posted by Maravi Post Reporter.
RELATED ARTICLES

Most Popular

Recent Comments

The History of online Casinos – Agora Poker – hao029 on The History of online Casinos
Five factors that will determine #NigeriaDecides2023 - NEWSCABAL on Leadership Is Difficult Because Governance Is Very Stubborn, By Owei Lakemfa
Asal Usul Texas Holdem Poker – Agora Poker – hao029 on The Origins of Texas Holdem Poker
Malawi has asked Mike Tyson to be its cannabis ambassador - Techio on Malawi lawmaker Chomanika against Mike Tyson’s appointment as Cannabis Brand Ambassador over sex offence
Finley Mbella on Brand Chakwera leaks Part 1
Maria Eduarda Bernardo on The 2021 Guide to Trading Forex Online
Atsogo Kemso, Political Foot Soldier on Why MCP and UTM Alliance Will Fail
Em. Prof. Willem Van Cotthem - Ghent University, Belgium on Malawi army, National bank cover Chilumba barrack with trees
Christopher Murdock on Why dating older woman is dangerous?
Samantha The Hammer on Why dating older woman is dangerous?
Muhindo Isevahani on The Cold War Against TB Joshua
JCON/SCOAN/BKN(888/8885/8808) on The Cold War Against TB Joshua
Keen Observer on Jesse Kabwila, Then and Now
Francesco Sinibaldi on Advertising in 2020 and beyond