The second Monetary Policy Report for 2019 has shown that  agriculture, is expected to rebound to 3.9 percent this year, up from 0.9 percent in 2019. “This prospective outcome arises from better rains across the country, despite severe floods which have affected selected areas,” reads the report.

The growth projection is higher than Reserve Bank of Malawi (RBM) projected earlier this year, as RBM predicted that the sector would grow by 2%.

Meanwhile, RBM has announced to boost an import cover from the current 6 months to ensure Forex reserves, a development that may contribute to fulfilling the 3.9% predicted projection growth in the agricultural sector.