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.