Although the next twelve months look more promising, Zambia faced economic challenges in 2016 following another year of low copper prices and crippling electricity supply deficits affecting economic activity. The new government took office in September 2016 and has started implementing its economic reform programme that aspires to expand growth and restore budget credibility while reducing the fiscal deficit.
These ready-made tables and charts provide for snapshot of aid (Official Development Assistance) for all DAC Members as well as recipient countries and territories. Summary reports by regions (Africa, America, Asia, Europe, Oceania) and the world are also available.
This strategic foresight report assesses the interaction between demographics, economic development, climate change and social protection in six countries in East Africa between now and 2065: Ethiopia, Kenya, Mozambique, Tanzania, Uganda and Zambia. The report combines population projections with trends in health, urbanisation, migration and climate change and identifies the implications for economic development and poverty. It concludes by identifying policies to address seven grand challenges for social protection planners in national governments and donor agencies which emerge from the projections. These include: eliminating extreme poverty; extending social insurance in a context of high informality; the rapid growth of the working-age population, in particular the youth; adapting social protection to urban settings; protecting the poor from the effects of climate change; harnessing a demographic dividend; and substantially increasing funding for social protection.
Significant progress has been made by an international programme designed to enhance developing countries’ ability to bolster domestic revenue collection through strengthening of tax audit capacities.
Zambia’s economy performed relatively well within the region despite the decline in the growth rate. This decline was largely a result of lower production in the mining sector compared to the year before as well as slower growth in manufacturing and public services.
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
English, PDF, 711kb
24-page summary paper of the OECD trade policy paper #179 on participation of developing countries in global value chains available on the OECD iLibrary.
Embracing green growth can secure strong, stable and sustainable development. An increasing number of developing countries have formulated and/or implemented innovative policies to pursue green growth, notably in Africa. Zambia, in particular, is committed to drawing up an Inclusive Green Growth Strategy (IGGS) that builds upon a nationally-defined and comprehensive definition of green growth.
26-27 November 2014 – Lusaka, Zambia: This meeting focused on combating corruption and promoting responsible business conduct in SOEs and was followed by a workshop on the governance of SOEs operating in the power generation industry. Participants launched and adopted the Guidelines on the Governance of State-Owned Enterprises in Southern Africa.
By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.