Friday, 29 June 2012

New World Bank report rates Zambia among most improved on policy environment

By Paul Shalala in Kampala, Uganda

Zambia is among 13 Sub-Saharan countries which have been commended by the World Bank for showing a stable and improved policy environment for development.

According to the 2012 CPIA Index  which is an annual assessment of how countries are performing with their development policies to reduce poverty and spur opportunity, Zambia scored well in the last 12 months.
World Bank Chief Economist for Africa, Shanta Devarajan has launched the report today in the French capital Paris.

This latest World Bank review of policies and institutions in Sub-Saharan Africa (SSA) shows an improved policy environment for growth and poverty reduction in 13 of the continent’s poorest countries.

The 13 countries which have showed improvements comprise: Comoros, Congo Republic, Cote d’Ivoire, Ethiopia, The Gambia, Guinea, Guinea Bissau, Liberia, Sao Tome and Principe, Senegal, Togo, Zambia, and Zimbabwe.

More broadly, most African countries show a stable or improved policy environment for development. This positive trend is especially important given the more severe economic climate being weathered by other countries, most notably in the developed world. 

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