Goodall E. Gondwe
Minister of Finance, Economic Planning & Development
Economist: Born on December 1, 1936, in Mzimba (Northern Malawi), Gondwe has had a long and distinguished career as an economist. Among other positions, he has worked at the Reserve Bank of Malawi (Central Bank of Malawi) where he rose to the position of General Manager of the Bank; he later joined the Civil Service in Malawi where he served as Secretary to the Treasury. In 1973 he joined the African Development Bank as Vice President (and later Acting President) of the Bank. In 1980, he joined the International Monetary Fund (IMF) where he worked in the African Department and rose to the position of Director for the Department. He served in the IMF for 22 years. In 2002, he was appointed as Chief Economic Advisor to the President, a position he held until 2004.
Between 2004 and 2009, Mr. Gondwe served as Finance Minister and he was widely credited for stabilising the economy. His first tenure as Finance Minister coincided with the period in which Malawi significantly benefitted from the HIPC initiative on debt relief. His achievements swayed the African Banker Awards to honour him as Africa's Minister of Finance for 2008.
Between 2009 and 2013 he served as Minister in several ministries including the Ministry of Local Government and Rural Development, Ministry of Energy and Natural Resources, and Ministry of Economic Planning and Development. In June 2014 he was appointed as Minister to Finance, Economic Planning and Development to head the amalgamation of Ministry of Finance and Ministry of Economic Planning and Development.
Politician: Mr. Gondwe entered Parliament in 2005 after winning bi-elections in his constituency and served as Member of Parliament for 9 years.Hon. Goodall E. Gondwe holds a BSc in Economics from the University of London and is a Fellow of the Institute of Bankers (FIB).
He graduated from the University of Malawi in 1983 with a Bachelors degree in Social Science, majoring in economics. He has an MBA degree in Finance obtained at University of Strathclyde in Scotland, UK