Publication:
Zambia Economic Brief, October 2013 : Zambia's Jobs Challenge--Realities on the Ground

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2014-01-29T22:06:20Z
dc.date.available2014-01-29T22:06:20Z
dc.date.issued2013-10
dc.description.abstractZambia shares its robust economic growth and capital inflows in the past few years with other Sub-Saharan countries, growth supported by high commodity prices that while declining are still at historical high levels. High commodity prices have induced large foreign direct investment (FDI) flows, mainly in extractive industries but also in services sector, supporting growth. Zambia's mining sector has benefited from FDI, receiving almost 1 billion dollar in 2011 alone. A large gap has emerged between available resources and likely spending in 2013. The government is responding with a full range of adjustments, including cutting recurrent spending (such as on travel and motor vehicles), cutting capital projects, and stepping up revenue collection. The government has raised fuel prices and reduced maize and fertilizer subsidies, but the medium-term fiscal impact of these initiatives is uncertain. These reforms aimed to create space for expanding better targeted spending programs. Zambia's economy has seen far too many unexpected policy changes in recent years. Persistent and even escalating perceptions of an uncertain policy environment can weaken investment, thereby reducing gross domestic product (GDP) growth. Zambia's population and labor force is young and growing fast. The current structure of the economy and sources of growth are such that formal wage jobs are being created slowly. Creating formal jobs in the private sector is rightly accorded top priority in government policy and strategy documents. The government's general approach is to provide an enabling environment for the private sector and address constraints to growth. For wage employment, understanding the technical and vocational education sector is a priority for future skills development. There is a need to address the gaps in access to basic education and prevent dropouts through targeted programs for children at risk of not starting or finishing school. This report is divided in two sections: section one gives recent economic developments and section two presents jobs challenge: realities on the ground.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/10/18382198/zambias-jobs-challenge-realities-ground
dc.identifier.doi10.1596/16698
dc.identifier.urihttps://hdl.handle.net/10986/16698
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesZambia economic brief;Issue 2
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO EDUCATION
dc.subjectACCESS TO FINANCE
dc.subjectACCOUNTING
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK INTEREST RATE
dc.subjectBANKING INSTITUTIONS
dc.subjectBANKING STATEMENTS
dc.subjectBANKING SYSTEM
dc.subjectBENEFICIARIES
dc.subjectBENEFICIARY
dc.subjectBORROWING
dc.subjectBRIBE
dc.subjectBRIBES
dc.subjectBUSINESS PLANS
dc.subjectBUSINESS STRATEGIES
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL PROJECTS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH MANAGEMENT
dc.subjectCHILD DEVELOPMENT
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REGIME
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMER CREDIT
dc.subjectCORPORATE TAX RATE
dc.subjectCORRUPTION
dc.subjectCREDIT BUREAU
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT PRICES
dc.subjectDEBT
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT RELIEF
dc.subjectDEBT SERVICING
dc.subjectDEBT STOCK
dc.subjectDEFICITS
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDIRECT FINANCING
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEBT
dc.subjectEARNINGS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC EMPOWERMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIES OF SCALE
dc.subjectEDUCATION LEVEL
dc.subjectEDUCATION LEVELS
dc.subjectEDUCATION SYSTEM
dc.subjectEMPLOYERS
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectEMPLOYMENT PATTERNS
dc.subjectENABLING ENVIRONMENT
dc.subjectENROLLMENT
dc.subjectENROLLMENTS
dc.subjectENTREPRENEUR
dc.subjectENTREPRENEURSHIP
dc.subjectEXCESS SUPPLY
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL DEBT
dc.subjectFAMILIES
dc.subjectFAMILY FARMS
dc.subjectFAMILY INCOMES
dc.subjectFAMILY OBLIGATIONS
dc.subjectFARMERS
dc.subjectFEDERAL RESERVE
dc.subjectFEMALE ENTREPRENEUR
dc.subjectFINANCES
dc.subjectFINANCIAL CHOICES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR DEVELOPMENTS
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectGENDER
dc.subjectGENDER DISCRIMINATION
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SPENDING
dc.subjectHIGH INTEREST RATE
dc.subjectHIGHER CAPITAL COSTS
dc.subjectHOUSEHOLDS
dc.subjectHUMAN CAPITAL
dc.subjectIMPLICIT SUBSIDY
dc.subjectINCOME SHOCKS
dc.subjectINCOME TAX
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE CAPS
dc.subjectINTEREST RATE CEILING
dc.subjectINTEREST RATE SPREAD
dc.subjectINTEREST RATE SPREADS
dc.subjectINTEREST RATES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL CREDIT
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL RESERVES
dc.subjectINVENTORIES
dc.subjectINVESTMENT FLOWS
dc.subjectJOB CREATION
dc.subjectJOB OPPORTUNITIES
dc.subjectJOB SECURITY
dc.subjectJOBS
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLABOUR FORCE
dc.subjectLABOUR FORCE SURVEY
dc.subjectLACK OF CAPITAL
dc.subjectLAND REFORM
dc.subjectLAND RIGHTS
dc.subjectLENDERS
dc.subjectLENDING PORTFOLIO
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOAN TERMS
dc.subjectLONG-TERM CAPITAL
dc.subjectLYON
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ACCESS
dc.subjectMARKET INFORMATION
dc.subjectMARKET PRICES
dc.subjectMFI
dc.subjectMFIS
dc.subjectMICROENTERPRISES
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMIGRANT LABOR
dc.subjectMIGRATION
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY POLICY
dc.subjectMORTGAGE
dc.subjectMORTGAGE LENDING
dc.subjectNATIONAL CREDIT
dc.subjectNATIONAL SAVINGS
dc.subjectNET INTEREST MARGIN
dc.subjectNET SAVINGS
dc.subjectNEW ENTRANTS
dc.subjectOPERATING COSTS
dc.subjectOUTREACH
dc.subjectOVERHEAD COSTS
dc.subjectPERSONAL LOANS
dc.subjectPHYSICAL CAPITAL
dc.subjectPOLICY ENVIRONMENT
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPREDATORY LENDING
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE PARTIES
dc.subjectPRODUCTIVITY
dc.subjectPROFIT MARGIN
dc.subjectPROFIT MARGINS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SPENDING
dc.subjectRATES OF RETURN
dc.subjectREAL ESTATE
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectREPAYMENT
dc.subjectREPAYMENT SCHEDULE
dc.subjectREPO
dc.subjectREPO RATE
dc.subjectRESERVES
dc.subjectRISK EXPOSURE
dc.subjectSAVINGS
dc.subjectSELF-EMPLOYMENT
dc.subjectSETTING OF INTEREST RATE
dc.subjectSMALL ENTERPRISES
dc.subjectSMALLHOLDER
dc.subjectSMALLHOLDERS
dc.subjectSOCIAL NETWORKS
dc.subjectSOCIAL SECURITY
dc.subjectSOVEREIGN BOND
dc.subjectSTATISTICAL ANALYSIS
dc.subjectSTOCKS
dc.subjectTAX COLLECTION
dc.subjectTELECOMMUNICATIONS
dc.subjectTERM CREDIT
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTREASURY
dc.subjectTREASURY BILL
dc.subjectTREASURY BILL RATE
dc.subjectUNEMPLOYMENT
dc.subjectUNSECURED LOANS
dc.subjectURBAN AREA
dc.subjectURBAN AREAS
dc.subjectURBANIZATION
dc.subjectWAGES
dc.subjectWOMAN
dc.titleZambia Economic Brief, October 2013 : Zambia's Jobs Challenge--Realities on the Grounden
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2013-10-11
okr.date.doiregistration2025-05-07T09:43:51.422610Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/10/18382198/zambias-jobs-challenge-realities-ground
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.guid719751468335446461
okr.identifier.externaldocumentum000442464_20131011131704
okr.identifier.internaldocumentum18382198
okr.identifier.report81816
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/10/11/000442464_20131011131704/Rendered/PDF/818160WP0P13230Box0379846B00PUBLIC0.pdfen
okr.region.administrativeAfrica
okr.region.countryZambia
okr.sectorPublic Administration, Law, and Justice :: Central government administration
okr.sectorPrimary education,Health
okr.sectorEducation
okr.sectorHealth and other social services
okr.themeHuman development :: Child health
okr.themeEconomic management :: Macroeconomic management
okr.themeHuman development :: Education for all
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicSocial Protections and Labor::Labor Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitAFT: PREM 1 (AFTP1)
okr.volume1 of 1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
818160WP0P13230Box0379846B00PUBLIC0.pdf
Size:
1.42 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
818160WP0P13230Box0379846B00PUBLIC0.txt
Size:
257.26 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Economic Updates and Modeling