Economic Expert Calls for Strong Policy Framework to Address Zambia’s Resource Curse
Zambia must urgently implement strong policy measures to effectively harness its vast natural resources and drive sustainable economic growth, economic expert Kelvin Chisanga has advised.
Speaking on the country’s economic challenges, Mr. Chisanga emphasized that Zambia’s development requires a strategic fusion of policies that align with productive investments, particularly in the primary resource sectors.
He warned that without a clear roadmap supported by tangible resolutions, the nation risks remaining in its current economic quagmire.
“Zambia is in dire need of putting pieces together to form a formidable action plan that demonstrates critical resolutions to pull the economy forward,” Mr. Chisanga stated.
He highlighted the importance of policy simulation, instrumentation, and implementation in ensuring economic stability. He also stressed the need for Zambia to create syngeneic partnerships with key regional and global stakeholders to address pressing challenges, such as food security and energy supply.
“While Zambia has many opportunities in productive investments, it is crucial to moderate good effects through well-structured policies that prioritize key sectors,” he added.
Mr. Chisanga’s call comes amid growing concerns about the country’s struggle to fully benefit from its vast mineral and natural wealth. Experts have long pointed to Zambia’s ‘resource curse,’ where abundant resources fail to translate into widespread economic prosperity due to weak governance, policy gaps, and external market dependencies.
As Zambia continues to navigate economic uncertainties, experts like Mr. Chisanga emphasize the need for decisive policy interventions that foster growth, investment, and regional collaboration.
