Zambia : An Assessment of the Investment Climate

This Zambia Investment Climate Assessment (ICA) forms part of World Bank Group global initiative to systematically analyze conditions for private investment and enterprise growth. Improving the investment climate is recognized as a key pillar of developing countries' path to promote economic growth and reduce poverty. The I C A compliments and amplifies a series of diagnostic work on this issue being undertaken by the World Bank Group in collaboration with the Government of Zambia. Throughout this report, empirical results showing the relative position of Zambia versus potential competitors will be presented. To understand the quality of investment climate in Zambia from the perspective of the private sector, the report draws on the results of a firm survey conducted in 2003, covering a sample of more than 200 service and manufacturing firms, large and small, located in different parts of Zambia.' This Investment Climate Assessment has three key parts: Empirical analysis of productivity; examination of investment climate constraints; and strategy for improving the investment climate and productivity. The report contains ordered recommendations in five key areas: Macroeconomics and finance, public-private sector interactions, infrastructure, labor market issues, and rule of law.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2004-05
Subjects:	ACCOUNTABILITY, ACCOUNTING, ADMINISTRATIVE BARRIERS, APPROPRIATIONS, AUTONOMY, BANK LOANS, BORROWING, BUDGET PRIORITIES, BUSINESS COMMUNITY, BUSINESS DEVELOPMENT, BUSINESS ENVIRONMENT, BUSINESS MANAGERS, BUSINESS OPERATIONS, COMPARATIVE ANALYSIS, CONSTANT RETURNS TO SCALE, CORRUPT PRACTICES, CORRUPTION, COST OF CAPITAL, CRIME, CROWDING OUT, DEBT, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC RECOVERY, ECONOMIC REFORMS, ELECTRICITY, EMPIRICAL ANALYSIS, EMPLOYMENT, EXCHANGE RATE, EXPENDITURES, EXPORTS, FINANCIAL INSTITUTIONS, FINANCIAL SECTOR, FINANCIAL SERVICES, FISCAL DEFICITS, FISCAL DISCIPLINE, FISCAL POLICIES, FISCAL YEAR, FOREIGN EXCHANGE, FOREIGN INVESTORS, GOVERNMENT SPENDING, HUMAN CAPITAL, INCOME, INCOME GROWTH, INFLATION, INSTITUTIONAL REFORM, INTEREST INCOME, INTEREST RATE, INVESTMENT CLIMATE, LABOR COSTS, LABOR INPUTS, LABOR PRODUCTIVITY, LEGISLATION, MACROECONOMIC STABILITY, MACROECONOMICS, MARGINAL PRODUCTIVITY, MERITOCRACY, METALS, NATIONAL OUTPUT, NET VALUE, NOMINAL INTEREST RATES, PARLIAMENT, PENALTIES, POLITICAL COMMITMENT, POLITICAL STABILITY, PRICE STABILITY, PRIVATE COSTS, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATE SECTOR GROWTH, PRIVATIZATION, PRODUCT MARKETS, PRODUCTION FUNCTION, PRODUCTIVITY, PROFITABILITY, PROPERTY RIGHTS, PROVISION OF INFRASTRUCTURE, PUBLIC ENTERPRISES, PUBLIC OFFICIALS, PUBLIC POLICY, PUBLIC SECTOR, PUBLIC SECTOR EMPLOYMENT, PUBLIC SERVICES, PURCHASING POWER, REAL GDP, REGRESSION ANALYSIS, REGULATORY FRAMEWORK, REGULATORY POLICY, RISK PREMIUM, ROADS, RULE OF LAW, TAX, TAX ADMINISTRATION, TAX COLLECTION, TAX RATES, TAXATION, TELECOMMUNICATIONS, TRADE DEFICIT, TRANSPARENCY, TRANSPORT, UTILITIES, VALUE ADDED, WAGES, WORKING CAPITAL CAPITAL STOCK, CAPITAL UTILIZATION, CAPITAL INTENSITY, CAPITAL PRODUCTIVITY, UNIT LABOR COSTS, ENTERPRISES, CONSTRAINTS, BUSINESS COSTS, THEFT, FRAUD, CIVIL UNREST, INFRASTRUCTURE SERVICES, REGIONAL ANALYSIS, LABOR MARKETS, LABOR MARKET NEEDS, INDEPENDENT JUDICIARY, BUDGETING IN BUSINESS, COMMITMENT OF PARTIES, SKILLED LABOR FORCE, SKILLED WORKERS, INCENTIVE FRAMEWORK, SEVERANCE BENEFITS, TELECOMMUNICATION PRIVATIZATION, CUSTOMER ORIENTATION, CUSTOMER SERVICE STANDARDS, CUSTOMER RELATIONS, CORPORATE TAXES, BUSINESS TAXES, PUBLIC PRIVATE PARTNERING, POLICY REFORM,
Online Access:	http://documents.worldbank.org/curated/en/2004/05/5062255/zambia-assessment-investment-climate https://hdl.handle.net/10986/13882
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