Sustaining The Zambian Economy Amidst The Covid-19 Pandemic
Date
2020-04-24Author
Jesuit Centre for Theological Reflection
Type
StatementLanguage
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Abstract
For a developing nation like Zambia, the impacts of the pandemic are a setback on progress that has been made towards eradicating poverty, enhancing equality and development for the populace. The JCTR notes that reaffirmations of some measures introduced by the Minister do give some hope and made some views on the updates. They observed that a declined economic growth entails a reduced revenue base for government, the agricultural sector which is one of the largest livelihood providers to the rural based populations may suffer significant setback in and event of reduced allocation. The JCTR urges Government to ensure transparency and accountability in the handling of all funding support received towards the COVID-19 response and emphasized the need for strong public private sector partnership going forward as Government puts in place measures focused on cushioning the economy to combat the effects of COVID-19.
Description
This statement shows the topic of concern in the global community which is how the COVID-19 pandemic has brought the entire world to a standstill. It includes the recent measures introduced by the Ministry of Finance to migrate the impacts of COVID-19 on the economy and the views of The JCTR on these measures.