President Dr. Lazarus McCarthy Chakwera has secured MK50 billion from non–profit organisation GiveDirectly meant for national social cash transfer initiative.

Chakwera is currently in the US attending the 78th United Nations General Assembly (UNGA).

“I am delighted to inform you fellow Malawians that our national social cash transfer initiative has received a huge boost of US$42 million (over 50 billion Malawi Kwacha) from GiveDirectly, a US – based non – profit organisation,” said the president through his Facebook page.

GiveDirectly President, Right Honourable Rory Stewart said they are doubling efforts to finalise the design of a US$300 million wealth creation project that will cumulatively benefit 1 million people from the initial 460,000 adults who will receive lump-sum amounts of close to US$550.

Immediately after meeting Right Honourable Stewart, Chakwera, attended the Seed Global Health event where the participants agreed to strengthen financing for climate-resilient health systems and increase investments in the health workforce.

“We are glad that issues of health and climate change are gaining joint recognition ahead of COP28,” he said.

Chakwera is in New York City for this year’s United Nations General Assembly (UNGA).