Malawi: Development crisis detailed at Turkey conference
Escalating fuel prices, climate change and the impact of the global financial crisis are the challenges currently compromising development in Malawi. The Southern African country wants to see a bold plan of action addressing these problems agreed upon at the Fourth U.N. Conference on Least Developed Countries (LDC-IV) currently taking place in Istanbul, Turkey. In recent months, Malawi has been experiencing a fuel crisis so severe fuel has been rationed at the pump. People have taken to parking their vehicles at service stations overnight to get a place near the head of the queue. The country is facing severe shortages of foreign exchange, leading to strict controls on the export of hard currency and causing problems for businesses that need forex to pay for imports.