Calvin Kamchacha

Financial Impact Of The Coronavirus On International Business In Malawi Calvin Kamchacha

The COVID-19 crisis is an extraordinary supply and demand shock to the global economy with far reaching and uncertain ramifications. Malawi as part of the global market is highly exposed to the impact of the coronavirus. This paper analyses the financial impact of coronavirus on international business in Malawi from January to June, 2020. It examines exchange rate movements due to Coronavirus, analyses the impact of coronavirus to international trade flows, and analyze the role of central bank on managing coronavirus crisis. The private sector is highly exposed to the current crisis, especially companies participating in international business including retailers, financial services and hospitability business. In addition, the public finance sector mainly energy sector and central bank as part of the global regulatory institutions in management of macroeconomics and financial stability has been exposed to the coronavirus.