World Bank Zambia Country Partnership Framework (CPF) 2024-2029

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00:01 The World Bank Group has supported Zambia's

00:03 development through the Country Partnership Framework,

00:05 CPF 2019 to 2024,

00:08 providing over $2 billion to improve livelihoods,

00:11 create jobs,

00:12 and enhance infrastructure and education.

00:14 Achievements include a robust social protection system,

00:17 grants for school fees to 155,000 girls from poor households,

00:22 upgraded education facilities,

00:24 and electricity access to over 260,000 people.

00:28 Additionally,

00:28 over 24,000 households.

00:30 Received support to combat climate change and initiatives in agribusiness,

00:35 renewable energy,

00:36 and tourism,

00:37 which boosted private sector growth.

00:39 Despite these successes,

00:40 Zambia faces challenges like food insecurity and energy shortages due to droughts

00:45 threatening progress and underscoring the need

00:48 for continued support and innovation.

00:50 Zambia achieved middle income status in 2011,

00:53 but experienced its slowest growth in two decades by 2019.

00:57 The COVID-19 pandemic worsened macroecon.

01:00 Economic imbalances leading to a reclassification as low income in July 2022.

01:05 The World Bank Group's new CPF for 2025

01:08 to 2029 aims to support sustainable economic growth,

01:11 enhance climate resilience,

01:13 and improve well-being,

01:14 aligning with Zambia's eighth National Development Plan and Vision 2030.

01:18 Informed by stakeholder consultation,

01:20 the CPF outlines priorities for recovery and inclusive,

01:24 resilient growth and job creation.

01:27 The new CPF focuses on three areas.

01:29 Creating better jobs,

01:30 improving human capital,

01:31 and enhancing climate resilience.

01:33 It prioritizes private sector-led growth,

01:36 skills development,

01:37 access to finance,

01:38 and support for entrepreneurship,

01:40 ensuring equal economic opportunities for women and youth.

01:43 Climate resilience efforts include disaster risk management,

01:47 sustainable agricultural practices,

01:49 and water resources management.

01:51 Good governance and accountable institutions are critical for these goals.

01:54 The CPF will help strengthen policy environments,

01:57 the rule of law,

01:58 and public resources.

01:59 Management.

02:00 The International Finance Corporation IFC and the Multilateral

02:03 Investment guarantee Agency MGA will play significant roles.

02:07 IFC will promote sustainable private sector development and investment,

02:11 while MGA's guarantees will mitigate non-commercial risks

02:14 and encourage long-term foreign private investment.

02:17 Through the 2025 to 2029 CPF,

02:20 the World Bank Group renewed its commitment to

02:23 Zambia's economic recovery and future of inclusive growth,

02:26 resilience,

02:26 and shared prosperity.

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The World Bank Group has supported Zambia's development through the Country Partnership Framework, CPF 2019 to 2024, providing over $2 billion to improve livelihoods, create jobs, and enhance infrastructure and education. Achievements include a robust social protection system, grants for school fees to 155,000 girls from poor households, upgraded education facilities, and electricity access to over 260,000 people. Additionally, over 24,000 households. Received support to combat climate change and initiatives in agribusiness, renewable energy, and tourism, which boosted private sector growth. Despite these successes, Zambia faces challenges like food insecurity and energy shortages due to droughts threatening progress and underscoring the need for continued support and innovation. Zambia achieved middle income status in 2011, but experienced its slowest growth in two decades by 2019. The COVID-19 pandemic worsened macroecon. Economic imbalances leading to a reclassification as low income in July 2022. The World Bank Group's new CPF for 2025 to 2029 aims to support sustainable economic growth, enhance climate resilience, and improve well-being, aligning with Zambia's eighth National Development Plan and Vision 2030. Informed by stakeholder consultation, the CPF outlines priorities for recovery and inclusive, resilient growth and job creation. The new CPF focuses on three areas. Creating better jobs, improving human capital, and enhancing climate resilience. It prioritizes private sector-led growth, skills development, access to finance, and support for entrepreneurship, ensuring equal economic opportunities for women and youth. Climate resilience efforts include disaster risk management, sustainable agricultural practices, and water resources management. Good governance and accountable institutions are critical for these goals. The CPF will help strengthen policy environments, the rule of law, and public resources. Management. The International Finance Corporation IFC and the Multilateral Investment guarantee Agency MGA will play significant roles. IFC will promote sustainable private sector development and investment, while MGA's guarantees will mitigate non-commercial risks and encourage long-term foreign private investment. Through the 2025 to 2029 CPF, the World Bank Group renewed its commitment to Zambia's economic recovery and future of inclusive growth, resilience, and shared prosperity.

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Zambia Board

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Zambia Board

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