Maddonna and Christian Audigier to build school in Malawi

My sneaky snake spy tells me that the queen of music and king of fashion will be teaming up to build a much needed school in Malawi in the very near future!   Economic Overview: Landlocked Malawi ranks among the world’s least developed countries. The economy is predominately agricultural, with about 90% of the population living in rural areas. Agriculture accounted for nearly 36% of GDP and 80% of export revenues in 2005. The performance of the tobacco sector is key to short-term growth as tobacco accounts for over 60% of exports. The economy depends on substantial inflows of economic assistance from the IMF, the World Bank, and individual donor nations. In late 2000, Malawi was approved for relief under the Heavily Indebted Poor Countries (HIPC) program. The government faces strong challenges, including developing a market economy, improving educational facilities, facing up to environmental problems, dealing with the rapidly growing problem of HIV/AIDS, and satisfying foreign donors that fiscal discipline is being tightened. In 2005, President Mutharika championed an anticorruption campaign. Malawi’s recent fiscal policy performance has been very strong, but a serious drought in 2005 and 2006 will heighten pressure on the government to increase spending.Population: Just over 13 million people live in Malawi. Life expectancy is around 41 years. Birth rate is on average 5.9 per woman. 14% of the population is believed to have HIV/AIDS. Literacy rate is just over 62%. 

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