The Millennium Challenge Corporation (MCC) has applauded Malawians for a peaceful transition following the death of Malawiâ€™s third president Bingu wa Mutharika.
Mutharika died last Thursday following a cardiac arrest and former Vice-President Joyce Banda ascended to power on Saturday to become Malawiâ€™s first female president.
In a statement released this week, MCC chief executive officer Daniel Yohannes also consoled late president Bingu wa Mutharikaâ€™s wife Callista, the bereaved family and Malawians.
â€œMCC applauds the constitutional transition of power and congratulates the Malawian people on this important step forward for democracy in their country and in Africa,â€ Yohannes said.
He added that the compact conditions remain a clear commitment to good governance, economic freedom and investing in a countryâ€™s citizens.
During a news briefing on Monday, President Banda disclosed that she had spoken to US Secretary of State Hillary Clinton to whom she delivered the countryâ€™s concerns over the suspension ofÂ the MCC $350 million (about K56 billion) grant.
During its meeting in March, the MCC Board suspended the grant to Malawi, citing, among others, Malawiâ€™s bold stand to host Sudanese President Omar al-Bashir, wanted by the International Criminal Court (ICC) on genocide charges.
Meanwhile, the African Union Commission has also consoled Banda, the Mutharika family and all Malawians.