Though Malawi has not registered a case of Covid-19, the Reserve Bank of Malawi (RBM) has formed a special taskforce to monitor possible impacts of Covid-19 on the country’s economy.

The development follows after government allowed the Malawi Tourism Council to suspend PAYE and pension remittance, amidst the coronavirus outbreak. The call was made, noting that the outbreak not only affects the tourism sector, but an estimated 35,000 of its employees.

On assessing the impact of the virus on the overall economy, RBM Spokesperson Mbane Ngwira announced that the central bank has formed a special committee which will be assessing the possible threats on each category of the economy. “The taskforce will be looking at each aspect that is being affected by the coronavirus, although we have not registered any case,” Ngwira said.