By Chisomo Phiri
In its endless efforts to make sure that the public resources are well secured, the Malawi Government has on Friday launched a Public Finance Management Strategy (PFMS) in Lilongwe.
In his remarks, former Minister of Finance Sosten Gwengwe emphasised on the need for strong structures and reliable institutions in safeguarding public resources.
Among other aspects, the strategy aims at promoting sound financial management and discipline in public service delivery for sustainable development of the country.
Commenting on the strategy, European Union Ambassador to Malawi, Rune Skinnebach, said implementation of the strategy is key to achieving results.
World Bank Country Manager, Hugh Riddell, said the World Bank is committed to providing direct budgetary support if all required steps are taken.
The Government of Malawi has been reforming its PFMS over the past decade.
The main beneficiary institutions of the strategy are the Ministry of Finance, Economic Planning and Development, Malawi Revenue Authority (MRA), and Office of the Director of Public Procurement (ODPP).