Municipal bonds as sustainable means of constructing secondary cities in Malawi under the Medium-term Implementation Plan (MIP-1) of the Malawi Vision 206

Phiri Kampanje, Brian (2025): Municipal bonds as sustainable means of constructing secondary cities in Malawi under the Medium-term Implementation Plan (MIP-1) of the Malawi Vision 206. Published in: INTL Sustainability Journal, ISSN: 3079-0263 , Vol. 3, No. 2 (1 August 2025): pp. 33-55.

Abstract

Malawi urgently needs the eight secondary cities it plans to build by 2030 to improve the social and economic welfare of its citizens. There is however little progress made in that regard in view of the absence of the financing structure. The local councils to host the secondary cities should seriously consider the municipal bonds as a sustainable financing mechanism and encourage their citizens to own the projects. There is a need to align the Local Government Act and the Public Finance Management Act on the municipal bonds. Other pertinent issues must be resolved too. This requires commitment from multistakeholders and is highly achievable.

• Item Type: MPRA Paper
• Language: English
• Keywords: Municipal; Bonds, Secondary Cities; Malawi
• Subjects: H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H39 - Other; H - Public Economics > H5 - National Government Expenditures and Related Policies > H54 - Infrastructures ; Other Public Investment and Capital Stock; H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt ; Debt Management ; Sovereign Debt; H - Public Economics > H7 - State and Local Government ; Intergovernmental Relations; H - Public Economics > H7 - State and Local Government ; Intergovernmental Relations > H74 - State and Local Borrowing

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