CSOs Raises awareness on Debt, Development, and Gender Justice

By Daily News Reporter

The Civil Society Organizations Debt Alliance in partnership with (CTPD) Centre for Trade Policy and Development held a National Conference on Debt and Development in Lusaka which is a significant platform for discussing critical issues related to debt management, sustainable development, and gender justice in Zambia. 

During at the conference Alex Muyebe, Chairperson of the Civil Society Organizations Debt Alliance, emphasizes the need for solutions that promote fiscal responsibility, transparency, and accountability in managing the country’s debt. These principles are essential for sustainable economic growth and stability in the country to develop.

He also highlighted the importance of ensuring that public resources contribute effectively to achieving national development goals. This aligns with Zambia’s commitment to the 8th National Development Plan and the United Nations’ Sustainable Development Goals (SDGs). These goals aim to address poverty, inequality, and environmental challenges.

The conference's theme was, “Debt, Development, and Gender Justice,” underscores the crucial role of gender equality in inclusive development. 

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Also Gender justice ensures that opportunities are accessible to everyone, regardless of gender. It’s a fundamental aspect of sustainable progress.

The conference serves as a platform for dialogue, collaboration, and action. Participants discuss debt-related issues and explore ways to advocate for sustainable development. 

Meanwhile Shem Otieno, from Africa FORUM and Network on Debt and Development (AFRODAD), expects the meeting to raise awareness about resource mismanagement and advocate for inclusive development and respect for economic, social, and cultural rights.

And at the same forum the panelists highlighted on Domestic Resource Mobilization (DRM) which plays a crucial role in sustainable development and economic growth. 

They highlighted that Zambia currently relies on a mix of external and domestic financing, with a ratio of 70:30. However, there’s a strategic shift underway. By 2025, the country aims to rebalance this ratio to 45:55, favoring more domestic borrowing.

Also understanding Zambia’s domestic debt is essential for effective resource mobilization. Analyzing factors such as interest rates, repayment terms, and debt sustainability helps shape policies and strategies.

The point which come also Zambia’s mining sector remains pivotal in driving domestic resource mobilization. As the country seeks to reduce reliance on external financing, maximizing the mining sector’s contribution becomes crucial.

In summary, Zambia’s pursuit of sustainable development hinges on effective domestic resource mobilization. By optimizing domestic borrowing, managing debt, and leveraging key sectors like mining, the nation can enhance its economic prospects

This conference brings together stakeholders to address debt challenges, promote gender-responsive policies, and work towards a more sustainable and inclusive Zambia.

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