A case of Zambia Tina Nanyangwe - Moyo Coordinator: Debt, Aid and Trade Programme JCTR/ Jubilee-Zambia

 The impact of GEC on LICs has been substantial and significantly varied  Ethiopia: 2 Israeli-owned flower farms put up for auction for failure to service bank loans due to reduced export sales  Uganda: Coffee exports to decline and Direct Budget Support of 60% annually to drop. 80% of workforce in agric at threat of job losses  Congo, D.R – Suffered major job losses of over 300,000 due to closures of copper mines

 Copper prices reached a record high of US $8, 985.0/ tonne in July 2008 before falling to US$2, 902.0/ tonne  At end January, country recorded a severe trade deficit of $42,5bn  Loss of mining jobs  Loss of hospitality industry (no statistics)

 Inadequate access to markets  Huge transport costs for landlocked countries  Dependency on one single export commodity  Lack of value additions to products  Lack of credit facilities for traders  Meager economic growth has not improved capital accumulation

 Bangladesh; setting up of a core group to assess the impact of the crisis and offer responses  Many waiting for IFIs to help

 Increasing financial resources through loans  Increasing technical assistance

 Improve domestic demand  Invest in agriculture  WB World Devpt Report – GDP growth from agric 4 times efficient in raising incomes  Participation of larger popn  Agric more than fertilizer support  Improved food security  Explore regional markets

 Targeted infrastructure devpt based on national priorities  Need to constitute a core group to identify priority responses??

 I Thank you!  Website: