Thursday, 22 March 2012

World Bank advises the new pf government to implement economic policies in an effective and consistent manner

The World Bank (WB) has advised the new patriotic front government to implement economic policies in an effective and consistent manner if the country has to continue on its economic development and job creation for its people.
Visiting world bank managing director srimulyani indurawatti says the best top 10 performer ranking in sub-Saharan African countries which Zambia was given last year is inadequate if economic policies are not implemented effectively and consistent.
Mrs. indurawatti says there is need for the new government to review economic policies to find the ones which are working and those which are not working more especially those in line with the diversification programme which the country has embarked on in a few years.
She noted that Zambia’s dependency on a few products when exporting has continued to make Zambia vulnerable hence the need to continue with the programme of diversification.
Mrs. indurawatti was speaking during the inauguration of a one stop shop and business E-registry in Lusaka today by the ministry of commerce, trade and industry in collaboration with the Zambia development agency and the private sector development programme office.
Speaking at the same event, commerce, trade and industry minister Robert sichinga indicated that government intends to rollback the one stop shop to all provincial centers and will construct more than 10which were initially planned for due to demand.
Mr. sichinga says the one stop shop and e-registry are two concrete steps government is taking to empower business in Zambia.
The one stop shop and E registry which is located at kwacha house on Cairo road simplifies and shortens the registration process by enabling companies to proceed with all licensing steps at a single location.
Apart from the one stop shop in Lusaka government has also gone on to open another one stop shop in Livingstone and has also launched an online registry enabling entrepreneurs to identify all the licenses and permits they need to establish a business

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