Zambia Urged to Adopt Policy Buffers and Risk Management Tools for Economic Growth
Economic expert Kelvin Chisanga has called for the implementation of robust policy buffers and risk management tools to tackle the growing challenges impacting Zambia’s economic stability.
Speaking on the pressing need for economic resilience, Mr. Chisanga highlighted key areas of concern, including inflation, climate change effects, and mounting debt issues.
“The global economy is grappling with disruptions in supply chains, geopolitical tensions, and climate-induced events,” he noted. Zambia, he argued, must pivot toward innovative policy models to safeguard its growth targets amidst these multifaceted threats.
The expert emphasized that rising inflation and monetary policy challenges require tailored strategies.
“The cost pressures on essential commodities, coupled with electoral factors and debt burdens, are adversely affecting government functions and economic planning,” Chisanga stated.
Mr. Chisanga also stressed the urgency of addressing climate-induced risks through sustainable economic models while maintaining a stable inflation trajectory.
He called on policymakers to incorporate mechanisms that balance fiscal reforms and environmental resilience to counter the negative impacts on growth.
