By Burnett Munthali
The World Bank’s International Development Association (IDA) continues to play a pivotal role in advancing the development goals of Malawi through financing solutions towards various key sectors of the economy.
It is for this reason that President Chakwera is attending today’s IDA Africa Heads of State Summit in Nairobi, Kenya to project the voice of Malawi on the global stage on the kind of support needed to attain full economic recovery and growth.
Chakwera has gone there to seek more support in form of resources to upscale efforts in addressing the social and economic shocks rendered on Malawi by climate change induced disasters and other geopolitical inconveniences.
The President is hopeful that the summit will yield into tailored assistance towards critical issues such as job and wealth creation, infrastructure, healthcare, education and climate change resilience.
Changing our main energy sources to clean and renewable energy is the best way to stop using fossil fuels. These include technologies like solar, wind, wave, tidal and geothermal power. Switch to sustainable transport. Petrol and diesel vehicles, planes and ships use fossil fuels.
Wealth creation strategies is a process of investing your saved money to grow your wealth by choosing investments that align with your financial goals is called wealth creation. For sufficient wealth creation, apart from choosing the right investment, you also have to give your investments sufficient time to grow.
Three factors create wealth in countries. These factors are the ability to own personal property, a market-driven economy and an infrastructure that provides the basic necessities of life. Private property rights for individuals are key because they provide a reason for individuals to seek economic wealth.
Infrastructure development requires the involvement of multiple stakeholders for the overall growth of the society. Thus, the Indian infrastructure sector primarily utilises the Public-Private Partnership (PPP) approach.
To achieve success in healthcare, the developing nations need to focus primarily on three things: to leverage digital technologies, to improve knowledge, skills and resources, and to create collaborations and consensus between the key stakeholders.
We can solve education problems in developing countries. Here are some ways to improve education in developing countries:
Reduce the cost of education, several African countries have abolished their school fees, school lunch programs. It’s been proven that malnourished children learn poorly, educating parents, a new educational model, improved resources for teachers.
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