NB Head of Operations, Brian Boby, said this during the handover ceremony of a cheque worthy K2 million to sponsor ECAMA conference which will be held on 7 and 8 November, 2019 under the theme ‘Population Growth; Challenges and Opportunities for Economic Development’.
The theme has been derived from the current estimated population of Malawi, which is 18.63 million, which ranks 63rd in the world.
Boby, therefore, said population growth is an important factor that needs to be discussed on most if not all economic fora.
“As economists, we must be responsive to learn new things and when we come across something that is totally new to us, we should also learn to understand it fully and in a short period of time,” he said.
Bobby added that economics is an increasingly sophisticated business and it is generally not too hard to identify key problems.
“It is harder to find the right solutions, but again this is an area where technical difficulty and a healthy application of common sense can deliver good answers most of the times,” Boby said.
ECAMA Vice Secretary General, Esnart Suleman, said the conference would be an ideal place to come up with ways of dealing with challenges with over population.
“The conference will attract various economists from the private sector, Non-Governmental Organizations, and this is where we are going to come up with practical solutions to population growth,” she said.
Suleman added that 50% of the country’s population are young people below the age of 18, therefore this is the time to kick start the discussion and help policy makers to also start looking into the matter.
She however applauded National Bank of Malawi for the gesture, saying it will help ECAMA to have a successful lake conference next month.
(By Esther Nyanja)