Unlocking Zambia's Economic Potential: ZIPAR and ACET Launch Country Economic Transformation Outlook

By Daily News Reporter 

The Zambia Institute for Policy Analysis and Research (ZIPAR), in partnership with the African Center for Economic Transformation (ACET), has launched the Country Economic Transformation Outlook for Zambia. 

This groundbreaking initiative provides a comprehensive analysis of Zambia's economic transformation prospects, highlighting opportunities and challenges.

The Country Economic Transformation Outlook is part of ACET's broader efforts to support African countries in achieving economic transformation and sustainable development. The outlook focuses on five key dimensions such as Diversification which gives the ability to produce and export a broad array of goods and services, Export Competitiveness the ability to compete in the global market for non-extractive exports, Productivity Increases Labor productivity in the agriculture, manufacturing and construction, and services sectors. And technology Upgrading to share of medium- and high-technology content in production and exports.

Also through Human Well-being like Incomes, income inequality, and total and female formal employment.

By examining these dimensions, the Country Economic Transformation Outlook provides valuable insights for policymakers, business leaders, and other stakeholders seeking to drive economic transformation and sustainable development in Zambia.

"The Country Economic Transformation Outlook is a critical tool for Zambia's economic development," said ZIPAR' Executive Director Zali Chikuba 

 "It provides a comprehensive analysis of our economic transformation prospects, highlighting opportunities and challenges. We believe that this outlook will inform policymaking and support the development of strategies that drive economic growth and transformation." Chikuba added 

The launch of the Country Economic Transformation Outlook is a call to action for policymakers, business leaders, and other stakeholders to work together to drive economic transformation and sustainable development in Zambia.

"We must work together to address the challenges and seize the opportunities outlined in the Country Economic Transformation Outlook," said ACET President and Director policy and Program Dr Emmanuel Owusu Sekyere 

"We believe that with the right policies and strategies in place, Zambia can achieve economic transformation and sustainable development."said Sekyere.

The Country Economic Transformation Outlook is a critical step towards achieving economic transformation and sustainable development in Zambia. By providing a comprehensive analysis of Zambia's economic transformation prospects, this initiative will inform policymaking and support the development of strategies that drive economic growth and transformation.