Zambia - Country Partnership Framework

                                           Chair Summary*

                                           October 8, 2024

Executive Directors discussed the joint IDA/IFC/MIGA Country Partnership Framework (CPF)
for Zambia for FY2025-2029.

Directors supported the CPF’s selectivity and the focus on the three High -Level Outcomes, with
the aim to create more and better jobs, improve human capital, and enhance climate resilience.
They appreciated the One WBG approach, stronger partnerships and knowledge base,
opportunities for regional cooperation, and a sharper focus on outcomes. They stressed the need
to focus on nutrition, digitalization, and infrastructure development, and to improve gender
equality. They noted the alignment of the CPF with Zambia’s development vision and
acknowledged the climate change challenges faced.

Directors welcomed the authorities’ efforts to improve macroeconomic management and the
progress made to date on debt restructuring, noting the lessons learned on the G20 Common
Framework for other countries. They highlighted the importance of supporting the effort to
improve transparency and accountability, anti-corruption measures as well as implementation
capacity.

Directors emphasized the need for IFC and MIGA, in collaboration with IDA, to step up
engagement to support the private sector as a provider of jobs, improve credit access, and attract
more investments. They also highlighted the need to further enhance partner coordination,
including with the UN, and urged the WBG to support the authorities in this regard.




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*This Summary is not an approved record.