The National Economic Council’s objective was to enhance the Government’s ability to achieve its policy objective of poverty alleviation and socio-economic development through enhancement of capacity in strategic planning, policy analysis and economic management.
The specific objectives were implemented through four key objectives, namely
- Enhance the capacity of the National Economic Council to enable it operate effectively and efficiently in providing professional advice and technical support to government and the public on economic, social and development policy;
- Promote and improve private – public sector dialogue and consultation mechanisms in the economic policy reform process
- Create a streamlined, efficient and well-coordinated economic management machinery, particularly among the Ministry of Finance and Economic Development, National Economic Council, Reserve Bank of Malawi and donor agencies; and
- Improve the capacity of the executive and legislative branches of the government to make effective and timely decisions on economic reform