Zambia Partners with World-Class Economies to Boost Agro-Production and Economic Transformation
In a strategic move to accelerate economic transformation, Zambia’s Ministry of Finance and National Planning has initiated a groundbreaking collaboration with world-class economies such as Brazil, South Africa, and Australia.
The focus of this partnership is to enhance agro-production, achieve food security, and position Zambia as an international competitor in the global market.
Dr. Situmbkeko Musokotwane, the Minister of Finance and National Planning, recently held a crucial bilateral meeting with Dr. Renata Vargas Amaral, the Brazilian Secretary for Economic Affairs, Development, External Finance, and Regional Integration.
The discussions centered around the necessity for robust collaboration between Zambia and relevant Brazilian institutions engaged in agro-production.
Dr. Musokotwane disclosed that the primary objective of this collaboration is to facilitate benchmarking and information exchange programs, aiming to bridge the gap between conceptual development strategies and their successful methodical implementation in Zambia.
He said that by drawing on the expertise and experiences of countries like Brazil, South Africa, and Australia, Zambia aims to revolutionize its agro-production sector, ensuring sustainable growth and international competitiveness.
Through the leadership of the Ministry of Agriculture and the Zambia Development Agency, comprehensive plans are already in motion.
These plans are designed to leverage the best practices and success stories from Brazil, South Africa, and Australia, adapting them to Zambia’s unique context.
Dr. Musokotwane emphasized the importance of this collaborative effort in achieving the country’s economic goals.
The minister said that, Benchmarking with world-class economies is a key factor in our economic transformation program.
By learning from the successes of nations like Brazil, we can implement effective strategies for agro-production, ensuring food security and establishing ourselves as a formidable player on the global stage, he stated.
The Ministry of Finance and National Planning is optimistic about the positive impact this collaboration will have on Zambia’s economic landscape.
As plans progress, the minister noted that the partnership is expected to not only boost agro-production but also foster innovation, create employment opportunities, and contribute significantly to the country’s overall economic development.
