June 27, 2025
Malawi President, Dr Lazarus McCarthy Chakwera, believes that collaboration of economies in the Global South will help them seek homegrown financing solutions, such as Afrexim Bank, to remain resilient in the face of a global order that favours world powers
His Excellency Dr. Lazarus McCarthy Chakwera says African and Caribbean economies need a unified voice to rally around a bold policy direction that gives advantage to the Global South amidst protectionist tendencies by world powers.
Speaking as a discussant during one of the sessions at the 32nd Afrexim Bank Annual Meetings, President Chakwera observed that the fractured global order impedes the potential of smaller economies who have limited sources of capital and investments.
The Malawi leader joined fellow Heads of State and Government from Africa and the Caribbean in discussing the role of African multilateral financial institutions on development.
"African and Caribbean economies need a unified voice to rally around a bold policy direction that gives advantage to the Global South amidst protectionist tendencies by world powers"
The discussion also shared insights on how Africa and the Caribbean can leverage on their unity and market similarities to utilize financing instruments that are readily available to spur economic growth through increased trade and investment.
Afrexim Bank is one such institution that has for 32 years helped African economies build resilience through strategic investments in trade infrastructure.
