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ZambiaCountry

EconomicMemorandum

Unlockingproductivityandeconomic

transformationforbetterjobs

June2024

Macroeconomics,Trade,andInvestmentGlobalPractice

EastandSouthernAfricaRegion

TheWorldBankGroup

ACKNOWLEDGEMENTS

ThisreportwaspreparedbyateamledbyAlbertPijuanSala(SeniorEconomist),JorgeTudela

Pye(Economist),andPaavoEliste(PracticeManager).TheteamincludedPhilipSchuler(Lead

Economist),JosephSimumba(Economist),MariaGabrielaFarfan(SeniorEconomist),Lyliana

Gayoso(Consultant),VaninaForget(SeniorAgricultureEconomist),AucklandN.Kuteya

(Consultant),BrianMulenga(Consultant),RyanKuo(Economist),SophiaMuradyan(SeniorPrivate

SectorSpecialist),SoujanyaChodavarapu(SeniorPrivateSectorSpecialist),andNamuchana

Muyawa(ProgramAssistant).Chapter3oftheCEMdrawsfromaresearchcollaborationwith

theZambiaRevenueAuthority(ZRA).FionaHinchcliffeprovidededitorialsupportandKatarina

Zeravicadesignedthereport.ThereportwaspreparedundertheoverallguidanceofNathanM.

Belete(CountryDirector,AECE1),AchimFock(CountryManager,AEMZM),AbhaPrasad(Practice

Manager,EAEM1),AghassiMkrtchyan(ProgramLeaderandLeadEconomist,AECE1),andWilliam

Battaile(formerProgramLeaderandLeadCountryEconomist,AECE1).Theteamwouldalsolike

toacknowledgethecommentsfrompeerreviewersandcolleaguesAllenDennis,AlexSienaert,

DinoMerotto,EkaterinaVostroknutova,HananeAhmed,JohnKeyser,NicoloDalvit,FaustoPatino

Pena,IsakuEndo,AhmedRostom,AndreasEberhard,ShaunMann,andMohammadFaridAlAzim

BinNoruzi