Saturday, September 09, 2006

UN:Zambian economy should grow 8 percent to meet MDGs

Why does Zambia, with so much room to grow, and so many natural resources, have growth that is comparable to that of the United States (i.e., piss poor)? Because of poor infrastructure. How can we invest in these countries and force them to use the money for productive development?

United Nations resident coordinator Aeneas Chuma said that Zambia's annual economic growth should be at least 8 percent if the country is to meet the Millennium Development Goals (MDGs) by 2015. Last year, Zambia's economy grew by about 5.1 percent, which is said to be too low to significantly reduce the country's over 70 percent poverty levels.

Link: UN:Zambian economy should grow 8 percent to meet MDGs

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