EU approves K352 billion for development in Malawi

EU  Ambassador to Malawi Rune Skinnebach

The European Union (EU) has adopted its Multi-annual Indicative Programme (MIP) for Malawi from 2021-2027 in which it has committed to provide €352 Million (approximately K352 billion) in support for the next three years.

The Multi-annual Indicative Programmes (MIPs) helps secure financing for projects of common interest on a multi-annual basis in the context of Global Europe.

A statement from the EU says the focus of the (MIP) for Malawi which has been developed in close consultation with Government, Civil Society Organizations, including women and youth organizations, local authorities, representatives from the private sector, the United Nations and other partners, and EU Member States, is aligned with the national development plan, Malawi2063.

Among other areas for  the period 2021-24, the body will seek to reinforce the bilateral cooperation in three main priority areas in particular such as Green and resilient economic transformation, democratic and economic governance and human development and social inclusion.

In addition, climate action, in line with the European Green Deal, gender equality and digital development are crosscutting priorities of crucial importance for the realization of the objectives of this initiative.

The financial allocation for 2025-2027 will be determined following a review in 2024.

The EU Envoy presenting his letters of credence to President Lazarus Chakwera in September last year 

On the occasion of this approval of funding, Ambassador Rune Skinnebach spoke highly of relations between the two sides.

“The European Union has a long standing partnership with Malawi. Today, we are marking a new step in our cooperation, and by committing ourselves to this long- term support we do not only reaffirm the EU’s role as a reliable partner for Malawi for the future, we also demonstrate that the EU-Malawi relations have developed from a donor-beneficiary relationship to a more mature and equal partnership characterized by shared responsibilities, interests and solutions.”

Officially launched in November 2020, the Global Europe programming, addresses the overarching Commission priorities, promotes the post-Covid-19 green, digital, inclusive and sustainable recovery and fully respects the commitments contained in the new instrument, particularly on climate action, social inclusion and human development, migration and forced displacement and gender equality.

These documents establish the main priority areas for cooperation, specific objectives, expected results as well as the indicative allocations for the EU cooperation with partner countries and regions covered by Global Europe, i.e. the Neighbourhood, Sub-Saharan Africa, Asia and the Pacific, and the Americas and the Caribbean.

Global Europe and its MIPs are implemented through a Team Europe approach.

Team Europe brings together the EU, Member States with their respective financial and development institutions, including the European Investment Bank and the European Bank for Reconstruction and Development, and seeks to mobilize the private sector in order to leverage investments for a greater impact.