LILONGWE, Jan. 31 (Xinhua) -- The World Bank has projected Malawi's mining earnings at a total of 30 billion U.S. dollars between 2026 and 2040, but it has warned authorities to be on guard against tax avoidance by foreign companies to maximize government revenues.
Firas Raad, World Bank country manager for Malawi, made the projection in a statement Thursday during the launch of the Malawi Economic Monitor (MEM), a biannual World Bank report series, adding that the mining sector could help transform the southern African country's struggling economy.
