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0000037007 00000 n xref Zambia faces its toughest economic challenges in at least a decade. 0000087745 00000 n 0000108351 00000 n 0000105181 00000 n WAVES is a WB programme promoting natural resources accounts to get introduced into national accounts and development planning. In the absence of policy adjustments, growth is projected to decline to 2.5% in 2019 from 3.7% in 2018, and to remain below 3% over the medium term. 0000224916 00000 n << 0000245851 00000 n 0000109047 00000 n Citation “World Bank Group. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus).Press Release: Zambia Can Harness Renewable Resources to Promote Sustainable GrowthFULL REPORT: Zambia Economic Brief: Wealth Beyond Mining: Leveraging Renewable CapitalWealth Accounting and Valuation of Ecosystem Services Global Partnership (WAVES)
0000094146 00000 n agricultural land, forests, water) could produce benefits in perpetuity and bring benefits to the rural economy. 0000007820 00000 n 0000107919 00000 n 0000242617 00000 n /T 1204243 0000109978 00000 n
0000240959 00000 n 12, July 2019 : Wealth Beyond Mining - Leveraging Renewable Natural Capital cial inclusion and can be found on the World Bank’s Zambia website. 0000111789 00000 n
0000192815 00000 n 0000109511 00000 n With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. Yet, external pub- 0000007983 00000 n endobj 0000005156 00000 n 0000029227 00000 n She said the report suggests that investments in non-timber products and, or tourism related to natural areas could generate high economic returns for the country without contributing to deforestation.“Zambia’s economy has thus far been dominated by discoveries, expansion, and fluctuations in the minerals sector, but going forward, the country needs to harness its renewable natural resource endowment to promote sustainable growth. 0000247834 00000 n
WORLD Bank Group country manager Ina Ruthenberg says Zambia needs to be put back on a stronger growth trajectory. 10, … 0000064499 00000 n 0000055585 00000 n
of short economic updates produced twice a year by the World Bank.http://documents.worldbank.org/curated/en/585601563379738493/Wealth-Beyond-Mining-Leveraging-Renewable-Natural-CapitalWealth Beyond Mining - Leveraging Renewable Natural CapitalEconomic & Sector Work :: Economic Updates and Modelinghttp://documents.worldbank.org/curated/en/585601563379738493/Wealth-Beyond-Mining-Leveraging-Renewable-Natural-Capitalhttp://documents.worldbank.org/curated/en/585601563379738493/pdf/Wealth-Beyond-Mining-Leveraging-Renewable-Natural-Capital.pdfIndustry :: Mining & Extractive Industry (Non-Energy)Macroeconomics and Economic Growth :: Economic GrowthMacroeconomics and Economic Growth :: Fiscal & Monetary PolicyOpen Knowledge Repository content related to COVID-19 / coronavirus can be found
LUSAKA, July 16, 2019 – Zambia must harness its natural resources, especially renewable capital such as forests, agricultural land and water, to promote sustainable growth, according to the new World Bank economic analysis for the country.
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We have painfully learned around the world and in Zambia: public budget needs to ensure funding for key public service delivery, particularly in social spending, including social cash transfers to the most vulnerable and needy. 0000064093 00000 n 0000109419 00000 n 0000056082 00000 n 0000055706 00000 n
0000073910 00000 n It is quite dramatic: hungry school children don’t learn.”Ruthenberg said decisively addressing Zambia’s macro-fiscal challenges and a very careful fiscal consolidation was urgently needed.“However, this needs to be done very carefully. Jeff Chelsky, Emre Balibek, Sebastien Dessus and Collins Chansa (World Bank), Alfredo Baldini (IMF), and An-nelies Raue (DFID) all provided very useful comments.
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