FINANCE and economic experts in Malawi on Wednesday took President Bakili Muluzi’s government to task over the suspension of a four-year-old program to privatise some 100 loss-making parastatals. The Malawi cabinet last week suspended the much vaunted privatization program without giving a reason. “The general public want an explanation from government because there are still a lot of unanswered questions which are creating uncertainties and are not good for macro-economic management,” said Perks Ligoya, president of the Economists Association of Malawi, on Wednesday. At least 36 of the earmarked 100 loss-making parastatals have been privatized since the program began four years ago, raking in more than $60-million in revenue for the government. “Holding the privatization program for a long time would be detrimental to the development of the capital market since most companies listed on the market came through the privatization program,” Thom Mpinganjira, chief executive of the Malawi Stock Exchange, said. – AFP