Joyce Banda was sworn in as president of Malawi in 2009 . But the fact that we had to devalue by 40 % at once means that Malawians are feeling the shock , the impact of that huge devaluation and particularly rural people , the poor are the ones that are going to be most affected . Malawi , one of Africa 's poorest countries , has devalued its currency by 40 % . Banda explains why improving relations with the IMF was so imperative for the country 's future . She also speaks about why the African Union Summit will no longer be held in Malawi .
Joyce Banda was sworn in as president of Malawi in 2009 . Malawi , one of Africa 's poorest countries , has devalued its currency by 40 % . Banda explains why improving relations with the IMF was so imperative for the country 's future . She also speaks about why the African Union Summit will no longer be held in Malawi .