The International Monetary Fund IMF Resident Representative to Zambia, Eric Lautier, says Zambia is making notable strides in transforming the economy, despite challenges emanating from the drought.
Mr. Lautier said the effects of drought in Zambia have been severe, affecting nearly 4.8 million people.
He said to address the pressing issue, the Economics Association of Zambia EAZ will host the 2024 Economic Summit on July 25th and 26th in Lusaka.
“The Economic Summit serves as a vital platform for collaboration between government, industry players, and other stakeholders, demonstrating their commitment to overcoming economic challenges,” said Mr. Lautier in a statement issued to RCV News by EAZ Acting Chief Executive officer Tendai Posiana.
He said during the summit, stakeholders will analyze strategies to navigate the disaster and foster economic resilience.
Mr. Lautier said the country now faces external financing to bridge food and energy deficit alongside fiscal gaps to form humanitarian responses, scale up Social Cash Transfer and other economic recovery interventions.
By Angel Kasabo
