Lusaka, Zambia, 9 June 2023 - The United Nations Economic Commission for Africa Sub regional Office for Southern Africa , in collaboration with the University of Zambia and the International Monetary Fund Office for Zambia, organised a public lecture under an initiative to promote engagements with stakeholders in Zambia on topical national development issues. This is the second in the series of public lectures with the student body, lecturers and national stakeholders.
Ms. Sharma cited the challenges of persistent global inflation, tighter monetary policies and how higher borrowing costs and rising public debt burdens amplified the region's macroeconomic imbalances, interrupting economic recovery after the pandemic. She mentioned that, “lack of funding may force countries to reduce resources for critical development sectors and further weaken their growth potential.
She highlighted the importance of the inclusive industrialization pathway to sustainable job creation and poverty alleviation and emphasized that industrialization and regional value chains development provides routes towards addressing the challenges of unemployment, poverty and inequality.
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