Considerations for devaluation and depreciation of Malawi Kwacha against major trading currencies in National Development Agendas – Litmus Test for Malawi Vision 2063

Brian Phiri Kampanje

MPRA Paper from University Library of Munich, Germany

Abstract: This paper strived to evaluate the impact of exchange rate of Malawi Kwacha more specifically as result of devaluation and depreciation against major currencies in the attainment of the country’s developmental agendas. The results indicate that the country has failed to achieve meaningful gains in its developmental agendas in view significant adverse movement in the exchange rate. There was however one exception with Malawi Growth and Development Strategy (2006-2011) when the exchange rate was stable. National Planning Commission should consider safeguards in the Vision 2063 by curbing illegal externalisation of forex as sustainable tool to avoid depreciation and devaluation of the Malawi Kwacha.

Keywords: Devaluation; Development; Depreciation (search for similar items in EconPapers)
JEL-codes: E00 E01 F10 F41 F43 (search for similar items in EconPapers)
Date: 2022-08-15
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:114341

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