USADF Signs new accord with Malawi:

USADF and Government of Malawi Join to Help Alleviate Poverty

WASHINGTON - October 14, 2008

WASHINGTON, D.C. – October 14, 2008 – The United States African Development Foundation publicly announced the start of a grassroots, community based economic and social development program in Malawi during a ceremony today at their headquarters in Washington, D.C. The Ambassador of Malawi to the United States, Her Excellency Hawa Ndilowe, and the Malawi Minister of Finance, the Honorable Goodall Gondwe, attended the ceremony.  

IIn speaking about Malawi’s addition to USADF’s portfolio, President Lloyd Pierson stated, “USADF is excited to sign this agreement with the government of Malawi. The agency is determined to fund programs at an expedited pace to meet the needs of the people of Malawi.”

USADF and the government of Malawi signed a memorandum of understanding which allows USADF to fund projects developed by Malawians at the grassroots level leading to greater economic and community development. Today’s event allowed both countries to join together to help alleviate poverty in the African nation.

During the event, The Honorable Gondwe stated, “USADF compliments the various activities taking place in Malawi currently. Malawi appreciates USADF’s assistance and dedication and looks forward to their support.”

The government of Malawi has recently pledged to contribute the equivalent of US$ 750,000 per annum to match USADF funds. This would increase the amount of the funding from $ 1 million to $ 1.5 million per annum, or up to $ 7 million as the total agreement amount for five years.

Regional Program Director Kim Ward stated “There is tremendous vibrancy in Malawi’s economy after 20 years of flat line growth. This is a direct result of the policies of the current government.” 

Malawi is the third country where USADF launched new programs in during fiscal year 2008. USADF launched programs in Burundi, Mauritania, and Burkina Faso earlier in the year.

The United States African Development Foundation (USADF) is a United States Government agency dedicated to expanding access to economic opportunity in Africa. Currently USADF operates in 21 African nations.  Over the past 25 years, USADF has directly funded nearly 1,100 African projects representing in excess of $150 million in support of African enterprises and local African communities.

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