Municipal bonds as sustainable means of constructing secondary cities in Malawi under the Medium-term Implementation Plan (MIP-1) of the Malawi Vision 206

Brian Phiri Kampanje

MPRA Paper from University Library of Munich, Germany

Abstract: Malawi urgently needs the eight secondary cities it plans to build by 2030 to improve the social and economic welfare of its citizens. There is however little progress made in that regard in view of the absence of the financing structure. The local councils to host the secondary cities should seriously consider the municipal bonds as a sustainable financing mechanism and encourage their citizens to own the projects. There is a need to align the Local Government Act and the Public Finance Management Act on the municipal bonds. Other pertinent issues must be resolved too. This requires commitment from multistakeholders and is highly achievable.

Keywords: Municipal; Bonds, Secondary Cities; Malawi (search for similar items in EconPapers)
JEL-codes: H39 H54 H63 H7 H74 (search for similar items in EconPapers)
Date: 2025-08-01
New Economics Papers: this item is included in nep-ure
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Published in INTL Sustainability Journal, ISSN: 3079-0263 2.3(2025): pp. 33-55

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:126555

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