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Copper for Development Report

The mining sector remains the bedrock of Zambia’s economy. It contributes significantly to GDP and has been the fastest growing sector in the economy. Nevertheless, Zambia’s reliance on copper mining has often been cited as a contributing factor to its fragile economy owing to shocks in global copper prices that often have resultant effects on economic variables such as the exchange rate, inflation, and interest rates, among others. This is evidenced by economic shocks that the country has experienced in the wake of the
COVID-19 pandemic prior to which the economy faced turbulent times due to its debt servicing obligations and other considerations.

This report provides analysis of mining revenue management in Zambia and recommends several measures that might allow the country to benefit from its mineral resources.

Author

Oxfam

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Publication type

Research

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