Minister for National Development Planning, Mr. Lucky Mulusa speaking when he delivered the keynote address at the opening of the 'Invest in Zambia Business Forum' at Sandton Convention Centre in Johannesburg
Minister for National Development Planning, Mr. Lucky Mulusa speaking when he delivered the keynote address at the opening of the ‘Invest in Zambia Business Forum’ at Sandton Convention Centre in Johannesburg
MINISTER of National Development Planning Hon. Lucky Zambia has experienced unprecedented economic growth (MP) has revealed that Zambia has experienced unprecedented economic growth, which has unfortunately had limited success in delivering on the benefits of economic growth to all citizens.

He said this is evidenced by the limited impact this growth has had on reducing poverty and the worrisome increase in inequality which inevitably slows down the reduction in poverty derived from economic growth.

The minister was speaking earlier yesterday at a Research and Policy Seminar on promoting inclusive growth where key cooperating partners and policy makers met to discuss the results of two studies commissioned by the International Growth Centre on the interactions between economic growth, poverty and inequality in Zambia.

And Mr Mulusa attributed the slowdown in poverty reduction to the growth pattern of Zambia which is skewed towards the richness in natural resources that has produced a pattern of growth that is capital intensive and concentrated on areas where there is very little impact of employment creation.

“Zambia’s pattern of growth is the main factor that has undermined our efforts since the new century to achieve sustainable improvement in the well-being of Zambians. Zambia’s richness in natural resources has often produced a pattern of growth that is capital-intensive and is concentrated on sectors where there is little employment impact.” He said.

Further, Mr Mulusa reiterated that government recognizes the need for new ideas and in this regard His Excellency the President recently launched the 7th National Development Plan (7NDP) under the theme: “Accelerating development efforts towards vision 2030 without leaving anyone behind” which departs from the traditional sectoral-based planning, and moves to an integrated (multi-sectoral) approach.

“The integrated approach recognizes the multi-faceted and interlinked nature of sustainable development which calls for interventions to be tackled simultaneously through a coordinated approach to the implementation of development programmes” Mr Mulusa said.

Government is committed to reduce poverty and inequality as highlighted in the 7NDP where two out of the five strategic objectives are focused on reducing poverty and vulnerability, and the other is reduction of developmental inequalities.

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8 COMMENTS

  1. All because of president Lungu.

    How fortunate are we honestly ?

    I have a PhD

    Thanks

    BB2014,2016

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  2. The minister of the pro poor party has admitted that his party’s policies have not benefitted the very pipo that they appealed to tomelect them.. minister your honesty is refreshing

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  3. As long as Zambians do not manage, run and control big institutions like mines, factories, infrastructure projects, there will be no benefits for Zambians in the long time. The simple equation is to keep the money in circulation internally by zambians and benefits will be galore

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  4. It is better for the country to possess enough reserves of commodities than otherwise. As soon as money becomes available, then buying can proceed without interruption. In other words, when one’s neighbors achieve success, then one’s response to that depends on various factors. Among the options available, one can choose to ignore neighbors completely. The second, one can choose to copy the example. The last option, one can adapt the example to suit personal circumstances. Trickle the down effect takes time but it is a force to reckon with in economic development. It is matter of average and leverage. Charities, donors, skills training, savings, lead to prosperity for the country.

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  5. Confessions of a corrupt government. This is something we already know. Any wealth being created is not trickling down to those who either labour for it or need it. The Ministry of Education has also just announced that only 250,000 students have access to laboratory facilities in schools – out of 4 million. All the money collected through personal taxes, ZRA, loans, grants, aid etc. is clearly being diverted to the minority that are wallowing in opulence and avaricious decadence. That is apart from the misplaced priorities of paying for jets and state houses.

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  6. @ 6 why is it that we always say it is the responsibility of charities and donors to help… thats what abloody government is for….we will never progress because of our donkrvcharity mentality. Youths at 35 what ajoke they are men who should be out finding a,iving but no too busy being youths living the life youths do, drinking bootlicking to eat depending on their women folk. The woemn are really the backbone of zambia. Thismcrap about donors when will we grow up

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