This report captures the key points from discussions with stakeholders in Malawi to help identify the actions needed for effective implementation of cash assistance in view of economic volatility characterised by high inflation and currency depreciation. The recommendations are a product of extensive consultations with a variety of actors both within Malawi as well as at regional and global levels. The purpose of the work was to support country cash working groups (CWGs) to agree on actions to develop clear predictable processes for adapting cash programming in line with the economic trends. The report proposes some actions to be taken forward at country level. The report, together with similar reports from South Sudan, Nigeria, Zimbabwe and Burkina Faso, is intended to serve as an example for other cash working groups seeking to better adapt cash assistance programs to contexts of high inflation and depreciation.