The Zambia Country Climate and Development Report examines how climate change is already impacting the country\u2019s development prospects and identifies practical actions to protect livelihoods, strengthen resilience, and support long-term economic growth, while contributing to global climate goals.<\/p>\n
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The report warned that extreme weather is becoming a major constraint on Zambia\u2019s development. Recurrent droughts are disrupting agriculture, hydropower generation and household incomes, with poor and rural communities particularly vulnerable to climate shocks.<\/p>\n
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\u201cClimate risks are no longer in the distant future for Zambia. They are already shaping development outcomes today,\u201d said Achim Fock, World Bank Country Manager for Zambia. \u201cZambia can build resilience through targeted smart investments and policy reforms that protect people, accelerate growth and create jobs.\u201d<\/p>\n
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The report stressed the need to mobilise greater private sector participation alongside climate and development finance. Creating a predictable policy environment, strengthening institutions and reducing climate\u2011related risks will be essential to unlocking private investment and driving innovation.<\/p>\n
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The World Bank outlined a strategic pathway built around four priority areas. First, transforming rural livelihoods by expanding climate\u2011smart agriculture, irrigation and mechanisation to boost productivity and resilience, protect forests and unlock climate and carbon finance.<\/p>\n
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Second, planning for green and resilient cities involves steering urban development away from flood-prone areas, upgrading informal settlements, and investing in resilient infrastructure to support growth and attract private capital.<\/p>\n
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Third, crowding in private investment for the green industry and infrastructure. The report recommends continuing mining sector reforms, diversifying renewable energy and building durable transport networks through public\u2011private partnerships to reduce logistics costs and emissions.<\/p>\n
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Fourth, protecting and building human capital by strengthening disaster risk systems, expanding adaptive social protection and developing skills for emerging jobs in sectors such as energy, agriculture and construction.<\/p>\n
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\u201cZambia\u2019s challenge is to embrace reforms and build robust institutions capable of managing natural resources, attracting private investment and translating growth into higher living standards,\u201d said Dominick de Waal, Senior Economist at the World Bank and Co\u2011Author of the report.<\/p>\n
–WorldBank\/ChannelAfrica–<\/p>\n","protected":false},"featured_media":30655,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-30654","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Targeted and cost\u2011effective development investments can help Zambia manage climate risks while unlocking inclusive, private\u2011sector\u2011led growth, according to a new World Bank Group report released this week.","published_date":"","news_description":"Targeted and cost\u2011effective development investments can help Zambia manage climate risks while unlocking inclusive, private\u2011sector\u2011led growth, according to a new World Bank Group report released this week.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/30654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/30654\/revisions"}],"predecessor-version":[{"id":30656,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/30654\/revisions\/30656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/30655"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=30654"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=30654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}