By Patience Longwe

Lilongwe, May 23, Mana: Minister of Finance and Economic Affairs, Simplex Chithyola Banda, has emphasized the importance of the National Social Protection Policy (NSPP) saying it provides a comprehensive social protection to all Malawians, particularly the vulnerable and marginalized by empowering them economically.

Speaking during the launch of the NSPP 2024-2029 at Lilongwe Hotel on Friday, Banda said the policy will provide support to vulnerable populations through social cash transfer and other forms of assistance.

"The policy aims to promote social security mechanisms to protect individuals and families from economic shocks as well as addressing malnutrition and promoting nutrition sensitive interventions,” he said.

Banda added that government recognizes the importance of partnerships in implementing the policy hence called on development partners, civil society organizations, the private sector, and local communities to support the policy's implementation.

"Social protection is not charity; it is an indispensable investment for human capital development, socio-economic stability, and national development,” said Banda.

He, therefore, said government is committed to prioritize predictable finance mechanisms for social protection interventions through increased domestic resource mobilization and fostering Public Private Partnership (PPPs).

Representative of Development Partners, Rovan Sweeney, said the launch of the policy demonstrates government's commitment to protect and empower the most vulnerable members of society.

"It is a testament to share commitment in ensuring that no one is left behind especially the most vulnerable,” he said.