The European Union Head of Delegation to Malawi Marchel German has expressed doubts that his institution may resume direct budget support any time soon.
German singled out the continued weak public financial management systems as among the reasons that warrants direct budget support denial to Malawi.
The EU Ambassador was speaking in Lilongwe during the Financial Intelligence Unit ‘Real Estate Agents workshop’ that was organised to sensitive players in the sector about Money Laundering issues.
“The budget support issue is on the table but in the meantime we cannot say when we will consider resuming direct budget support to Malawi because its public financial systems remains weak, let me say that our programmes in Malawi are continuing, we are helping the country in maintenance of roads, education infrastructure among many programmes,” said ambassador German.
He then called upon the civil society and other sectors of the society to join hands in fighting corruption adding that it remain counterproductive.
In her remarks FIU Acting Director Atuweni Tupochire Phiri admitted that the increased criminal activities in the country signifies the prevalence of money laundering activities.
She said that those engaging in criminal activities do that to benefit themselves, a development that hinges on money laundering and terrorism financing activities.
She said that on the top of the culprits list of money laundering and financial criminal activities include real estate agents and legal practitioners like lawyers.