Political favours damaging economic growth, says Malawian deputy

reserve-bank-malawi

Naomi Ngwira, a Reserve Bank of Malawi deputy governor, on November 12 said ‘neo-patrimonialism' in the country's political system – the process of maintaining authority and loyalty through the award of privilege or aid – is hampering the recovery of economic growth in the country.

Specifically, it negatively influences the environment for long-term private investment at both a local and international level, Ngwira told an Economics Association of Malawi conference.

"The pursuit of ‘money power'

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