Parliament on Tuesday passed the International Development Association (Second Additional Financing for Strengthening Safety Nets Systems Project – Fourth Malawi Social Action Fund (MASAF IV) Loan.
Speaking in parliament Minister of Finance, Economic Planning and Development Goodall Gondwe said in the MASAF IV project, the financial support will help to improve key safety net programmes in the country which include Cash for Productive Community Public Works through the MASAF Social Cash Transfer, Livelihoods and Skills Development through Community Savings and Investment Programme (COMSIP) and programme management.
He said the project has three components which include Productive Safety Nets, Systems and Capacity Building and Project Management respectively.
The Minister said under the Safety Nets Programme which is the main component of the project, the project will finance cash transfers through labour intensive programmes in areas of productive community driven public works, livelihood and skills development interventions for poor households and social cash transfers for the most vulnerable and labour constrained including the elderly, disabled and sick.
“These interventions are very important considering the poverty levels in the country and the high number of vulnerable groups in the country,” he said adding that these activities will help to empower vulnerable people by engaging themselves in some economic activity aimed at reducing their poverty,” Gondwe explained.
Malawi Congress Party (MCP), People’s Party (PP), and other parties supported the bill saying that it is their hope that the skills development project will make a tangible difference to thousands of young people in Malawi, improving their employment prospects and ultimately contributing to prosperity for all.
Source: Malawi News Agency – MANA