Chakwera to sign a $350m MCC facility in New York

Sep 10, 2022

President Lazarus McCarthy Chakwera’s trip to the United Nations General Assembly later this month may be his maiden since he came to power but it may as well be the most productive in history as the Malawi leader is expected to sign a $350 million Millenium Challenge Cooperation (MCC) compact facility.

According to information available from the USA Embassy detailing the program, the money from the compact facility will specically help to ease the forex shortages in the country.

Commenting on the Malawi leader’s first UN General Assembly, Deputy Secretary of State Wendy Sherman says the United States of America is eagerly looking forward to host the Malawi Head of State during this year’s United Nations General Assembly (UNGA).

Sherman said: “We are looking forward to host President Lazarus Chakwera later this month”

In readiness for the the UNGA summit President Chakwera had a meeting with the US Ambassador to Malawi David Young and Chief of Mission Amy Diaz on Thursday at Kamuzu Palace where among other things they touched on the MCC compact facility.

On Friday afternoon the Minister of Foreign Affairs Nancy Tembo told the media briefing that President Chakwera will travel to the UN General Assembly with a delegation of not more than 37.

Tembo also hinted that the number may be trimmed further and become slightly lower.

This will be the first time in Malawi history for sitting Head of State to travel with an entourage fewer in number like this.

In the past regime leader used to travel with a delegation of over 150 people.

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