Zambia economic brief: reaping richer returns from public expenditure in agriculture
Submitted by sheeja on Thu, 2017-07-20 12:11
Zambia’s economy has shown recovery in 2017, but stronger growth and better macroeconomic indicators have not resulted in better fiscal indicators, according to a new World Bank Economic Brief. The Brief, Reaping Richer Returns from Public Expenditure in Agriculture, says economic growth—which stood at 3.4% for 2016—is expected to increase to 4.1% for 2017, largely because of firmer copper prices and forecasts that point to a good 2017 harvest. The Brief notes that Zambia’s government has been making progress with its economic recovery plan “Zambia Plus,” progress that has included: the clearance of US$462 million in arrears; the removal of fuel subsidies; and reduced electricity subsidies.
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29/06/2017
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