THE World Bank has said the Zambian government needs to be consistent in policy matters if the country is to continue with its impressive economic growth.
World Bank Country Director Kundhavi Kadiresan said Zambia’s economic growth prospects were good and all what was needed is continuity and consistence in policy matters.
Dr Kadiresan said this in Kitwe on Thursday when she addressed members of the Copperbelt University (CBU) Economic Association and Students on the findings of the World Bank publication, the third in the series of the Zambia Economic Brief.
She said in attracting investment in the private, the country scored highly because of its political stability and the peaceful transition of power.
Dr Kadiresan said apart from political stability, Zambia also had the much needed resources such as favourable climate and mineral endowment for attracting business coupled with a number of transparent policies for doing business.
“But when it come to policies, when there is no consistence it makes it difficult for the private sector to grow and this is because for the private sector to invest in an economy, they need to be certain there won’t be change in policy come next year,” Dr Kadiresan said.
The World Bank country director cited what she termed ‘unpredictable’ agriculture trade policies and Food Reserve Agency (FRA) interventions as hurting the country in many ways.
Dr Kadiresan said along with FRA interventions, trade restrictions lead to inefficient production and investment decisions.
“From the mid 2000s, large farmers have underutilized maize capacity. Both large and small scale farmers are unable to make long-term investment,” she said.
She advised on the need for the country to adopt a step-wise approach towards as open border policy market for maize stressing that a predictable policy environment would enhance crop production and food security.
“It is encouraging that Government has adopted the policy of open borders for maize exports during the 2014 and it is important that this policy is maintained in the coming years, to allow farmers to plan their production,” she said.
Please world bank, we dont want your advice. You are blood suckers and we better off failing ourselves than getting advice from you. Can you show us which country you have helped and is now standing on its own economically with full sovereignty? Please!!!! and you even bring a dark looking person as representative to make us feel comfortable and trusting. She is just a front and we dont want you. We see, your white supremacy tactics!!!!
Doesn’t she have a point, though. What does GRZ stand forr? In fact what do zambians stand for? At least kaunda stood for political emancipation, limited as the stand was, it was a posture. What do Zambians stand for? Do we even have a people by that name?
…and not forgetting the lies and thefts going on currently. We have RDA as an example where the head of state grabbed the agency and now controls its affairs at state house, where no audits take place!! He together with Brenda Musonda Zulu are perpetrating the looting of our hard-earned taxes. This takes away investor confidence.
I don’t like her at all.
Does she really have a PhD like me soon ?
I have a big lump in my throat right now sorry
Thanks
May the lump kill you
Uyu muzimai wagula farm ku Mkushi that’s why she’s worried about policies on maize export, but she right about the importance of government being consistent with its policies ON ANYTHING
A foreign Diplomat from WB can’t be allowed to buy a farm in Zambian! It is BIG TIME liers like you sending shivers to the Kwacha!
People now all over the World say that Zambians are kind BUT liers and cant be trusted and that’s both politicians and maggots like you!
PF is incapable of consistency because it’s an immature organisation with a mad person at the helm. Right at this moment PF’s on a death bed and will be gone by end of this year. Wait until a mature govt is formed after PF’s demise then we can begin talking.
The PF are just sharing money to each other through some companies the cadres have have opened to syphone tax payers money.
Hmmm, ba World Bank, that may be asking a bit much from our govt. of dunderheads because firstly, the word ‘consistent’ has to be explained to them. They are that dull.
don’t speak from without what proof have u got that they are sharing money?
Check the SATAs bank accounts on Zambia Reports!
Read Zambia Reports and shock yourself at the luxurious lifestyle Sata’s kid is enjoying. All he does is spend and spend and then more spending to keep up with Noah’s flood like pouring of money in his account. Man! what a sweet setup for the biggest con game in the world.
HH has been moaning about this forever. PF have been calling him bitter. So I tell you now this world bank woman is bitter and jealous of our unprecedented development.
It does not come as a surprise that Zambia scored highly mostly in areas that are beyond PF Govt’s direct control, i.e. God’s gift of favourable climate and the good non violent nature of Zambians. It does not come as a surprise because the root cause is PF’s central ideology ‘Don’t ukubeba’ which is their trademark is based on lying and deceit. So, anything PF touches has had their trademark.
We need to understand basic economics
the challenge i see is that we have good policies but we fail to implement them. we tend to react instead of being proactive – this goes for both MMD and PF (i am not so sure of UNIP). right now we are being told we have a surplus ‘bumper’ harvest of maize (i doubt this but since i don’t have figures i wont argue), what is it that that we can have done in terms of policy that has resulted in this bumper harvest? in terms of bumper harvests, how many have we had from independence? how many maize farmers have grown out of poverty of at least 2 dollars per day? the truth is that very few have. this is just one classic example of the way we run our affairs. we do all we do for votes instead of scientific evidence
THE World Bank has said the Zambian government needs to be consistent in policy matters if the country is to CONTINUE WITH “ITS IMPRESSIVE ECONOMIC GROWTH”.
At least we have scored A’s in major and most important areas of our national development such as
1 Infrascture development.
2 Algricuture and
3. Job creation
OTHERS will follow. The old adage says Rome was not built in a day!
” She advised on the need for the country to adopt a step-wise approach towards as open border policy market for maize stressing that a predictable policy environment would enhance crop production and food security. ”
Typical macro-economic garbage. Neoliberal (deregulation, privatisation and ‘free trade’) garbage on top of that.
First of all, the World Bank has no business advising Zambia on anything.
It is because of their ‘advise’, that the Zambian economy has seen the expatriation of tens of billions of dollars from the mining sector. It is because of their ‘advice’ that the Zambian people are poor today.
I like the way the ancient Chinese emperors dealt with generals who gave them bad advise.
On how under Edith Nawakwi, the mines were given away, on the insistence of the World Bank, from 7 years ago:
(THE POST) Let’s have a fair share of the cake
By Editor
Friday November 02, 2007 [03:00]
” It is unimaginable that our government today continues to entertain these institutions [WB, IMF] which, going by Nawakwi’s confession, have brought us to where we are in terms of copper mining agreements where we have basically lost our own national asset to foreign capital. As Nawakwi admits, the IMF and the World Bank were among the advisers who gave the government a false impression that the future of copper mining was doomed and there was nothing wrong with selling the mines for a song, for a whisper. “
Economist Jeffrey Sachs, on the corrupt World Bank vs China:
(THE POST) China’s lesson for the World Bank
By Jeffrey Sachs
Friday May 25, 2007 [04:00]
” Of course, the African leaders were most appreciative of the next message: China is prepared to help Africa in substantial ways in agriculture, roads, power, health, and education. And the African leaders already know that this is not an empty boast. All over Africa, China is financing and constructing basic infrastructure. During the meeting, the Chinese leaders emphasised their readiness to support agricultural research as well. They described new high-yield rice varieties, which they are prepared to share with their African counterparts. “
Continued from Jeffrey Sachs’s op-ed:
” All of this illustrates what is wrong with the World Bank, even aside from Wolfowitz’s failed leadership. Unlike the Chinese, the Bank has too often forgotten the most basic lessons of development, preferring to lecture the poor and force them to privatise basic infrastructure, rather than to help the poor to invest in infrastructure and other crucial sectors. ”
What did they say again? Adopt an ‘open border policy’ to ‘enhance crop production and food security’?
By the way, James Wolfensohn was called James after his father’s employer, James Armand de Rothschild. (Source – google: wolfensohn rothschild theaustralian)
That’s who you’re dealing with.
The sooner black people realised that they are modern day slaves, the better! The WB and IMF will always devalue our resources so that they continue getting them cheaply and hence perpetuate the slavery. (My people perish for the lack of knowledge- Hosea 4:6)
free advice for you PF no need to kill the messenger, World Bank have more money than your poor country for once listen than trying to act smart, if for once these minions in gov admit their short coming we will develop in a heart bit.