The Zambia Poverty and Equity Assessment: Turning Things Around After a Lost Decade highlights the current state of poverty and equity in Zambia, providing valuable insights for potential policy actions.
To address the persistently high levels of poverty and inequality, economic growth must be stronger and more inclusive. Mining will continue to be a major driver of economic growth, which is critical for reducing poverty and increasing fiscal revenue. Additionally, the opportunities under the new energy transition minerals agenda are promising for sustainable economic development.
To achieve meaningful poverty reduction and create a sustainable path for Zambia’s development and prosperity, the government should further strengthen its efforts to support private-sector-led economic growth that generates quality jobs at scale.
To accomplish this, a comprehensive approach is required to address the gaps in critical areas including, access to basic services, investment in connectivity, economic diversification, improved agricultural productivity, enhanced healthcare and education, and the promotion of good governance.
Findings of the report provide an opportunity for policy action as current growth projections are insufficient to significantly reduce poverty reduction. With climate shocks becoming a persistent challenge, it is essential to solidify macroeconomic stability and enhance the quality of service delivery to boost resilience. Additionally, tackling structural barriers to inclusive growth requires policy adjustments and more efficient public investment. Improving the income-generating capacity of the poor requires a focus on asset accumulation, inclusive access to markets and services to ensure assets deliver returns, and building resilience to shocks.