Zambia boasts a competitive political environment that has been char- acterised by closely contested and increasingly freer and fairer elec- tions (according to observers). However, issues such as corruption and income inequality will require redress over the coming decade, in order to keep Zambia on a progressive political and economic growth trajectory. ...Widespread corruption has led to inefficiencies in government and a business environment less conducive to investment, both of which have impeded economic development. Inequality: While Zambia s GDP per capita (at just under USD-,--- in ----, according to BMI data) is higher than that of many of its regional counterparts, the distribution of income - Business Monitor International Ltd www political outlook is highly skewed. Indeed, with an estimated -- of the popula- tion living below the poverty line and a Gini coefficient of --.- (according to a ---- survey), addressing income disparity will arguably be the most pressing issue for the government over the next decade. ...-- Business Monitor International Ltd www zambia Q- ---- policy continuity and characteristics of society Weigh on Headline score Long-Term Political risk rating Source: BMI. Ratings are on a scale of ----- where ---=lowest risk.
...Domestic - political challenges Mounting Zambia is facing several political challenges including a weakening currency, rumours of President Sata s ill-health and a main opposition party in disarray. The country must also navigate what is likely to be a volatile constitution-making process. ...However, issues such as corruption and income inequality will require redress over the coming decade, in order to keep Zambia on a progressive political and economic growth trajectory. chapter -: economic outlook -- sWot analysis -- BMi economic risk ratings -- economic activity -- currency Weakness to Have Little impact on Growth Currency weakness and potential macroeconomic instability will not meaningfully affect economic growth and we have only made a small downgrade to our ---- real GDP growth forecast (to -.- from -.- previously) and left our ---- forecast unchanged at -.- . However, issues such as corruption and income inequality will require redress over the coming decade, in order to keep Zambia on a progressive political and economic growth trajectory. ...Buoying this strong performance will be a strengthening private sector, as well as ongoing investment in mining, agriculture and infrastructure, aided by a favourable business environment. taBle: lonG-terM MacroeconoMic forecasts -- chapter -: Business environment -- sWot analysis -- BMi Business environment risk ratings -- Business environment outlook -- institutions -- taBle: BMi Business and oPeration risK ratinGs -- taBle: BMi leGal fraMeWorK ratinG -- taBle: laBour force Quality -- infrastructure -- taBle: annual fdi infloWs -- taBle: trade and investMent ratinGs -- Market orientation -- operational risk -- taBle: toP exPort destinations, --------- -- chapter -: Key sectors -- power -- taBle: total electricity Generation data and forecasts -- taBle: total electricity Generation data and forecasts -- other Key sectors --
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