President Rupiah Banda today officially opened the national Indaba aimed at mitigating the effects of the global economic crisis on the Zambian economy.
The national Indaba which is dubbed ”Global Economic Crisis, a Wake up Call for Zambia’s Economic Transformation” has attracted hundreds of delegates from different sectors in the country.
In his key note address to the delegates, President Banda called for change of mind set and attitude among citizens to achieve positive results.
President Banda said every citizen must be thinking of possible solutions to overcome the challenges that the country is facing.
He called for the inculcation of positive values and the inspiration of hard work youths for them to contribute to national development.
He said Zambia should learn from other countries that have devised measures to survive the current economic crisis.
President Banda said the crisis has adversely affected growth prospects in the country as it has impacted negatively on key sectors such as mining and tourism, resulting in job losses.
He further said the global economic recession has also negatively affected government’s ability to mobilize adequate resources, thereby constraining the available resources to support government programmes.
The President urged all the people living in Zambia to unite in order to overcome the challenges the country is going through as a result of the recession.
He urged the nation to recognize and support small scale businesses as they have the potential of growing into million dollar businesses.
He said the nation should move away from the tendency of thinking of multi million US dollar businesses as the only meaningful investments.
The President explained that the aim of the indaba is to share experiences and ideas on how to enhance broad based growth by exploiting available resources in the country to empower all citizens.
He said the indaba is expected to identify immediate policy interventions and explore opportunities created the global economic crisis.
And speaking during the same occasion, Commerce, Trade and Industry Minister, Felix Mutati urged the delegates at the indaba to focus on finding solutions to the challenges the country is currently facing despite their differences.
Mr. Mutati urged the delegates to learn and consider interventions from other country’s experiences.
He said the challenges created by the prevailing global economic recession should be addressed by all stakeholders.
Meanwhile Finance and National Planning Minister Situmbeko Musokotwane has said Zambia has become vulnerable to the current economic crisis because of her high dependence on a single export commodity.
He however said government has taken measures to overcome the challenges by allocating funds in the 2009 budget for diversifying the economy by stepping up development in tourism, agriculture and manufacturing sectors.
Among the high level delegates that attended the official opening were the first Republican President Kenneth Kaunda, Second Republican President Fredrick Chiluba and Vice President George Kunda.
Others in attendance were cabinet ministers, Africa Development Bank President Ronald Kaberuka, and World bank Africa Region Vice President Obiageli Ezekwesili.
The national indaba is expected to end tomorrow.
ZANIS/CM/PK/ENDS