Malawi's new president Banda cuts costs

Help

Malawi's new president, Joyce Banda, is scrapping her luxury presidential jet as part of a series of cost-cutting measures to help the poverty-stricken country.

Political turmoil, a suspension of foreign aid and an abrupt currency devaluation left the new government with a substantial hole in its budget. The UK had called for urgent action to prevent a Greece-style financial crisis in the country.

Britain's International Development secretary, Andrew Mitchell, welcomed the move and released a tranche of suspended aid.

Peter Wilson reports.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.