29 January 2013

Malawi: Joyce Banda to Auction Presidential Jet

Photo: International Monetary Fund
2013 IMF Managing Director Christine Lagarde visits Malawi

Malawi's Capital FM has reported that the Malawian government is offering its 14-seat presidential jet, worth more than U.S.$13m five years ago, to the highest bidder.

The proceeds of the sale will be used to provide basic services for the country's poor, according to President Joyce Banda.

This move by Banda is the latest in a series of austerity measures she initiated to improve relations with western donors, including cutting her own salary by 30%.

The country saw its first protests under Banda in January when thousands of Malawians reportedly took to the streets peacefully in all three major cities for the first large-scale demonstration, against what they described as "the IMF's wrong economic prescriptions".

Her predecessor, the late Bingu wa Mutharika, was strongly criticised for buying the jet, and reportedly said it would be "cheap to run".

Since taking over, Mrs Banda has refused to travel in the jet.

More on This

President Faces a Crisis of Confidence

She has taken a personal pay cut, promised reforms, resumed aid flows from Western donors and put her predecessor's… Read more »

See What Everyone is Watching

Copyright © 2013 allAfrica.com. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.