ECONOMISTS WARN OF ECONOMIC IMPACT OF DROUGHT DISASTER
ECONOMISTS WARN OF ECONOMIC IMPACT OF DROUGHT DISASTER
Economics Association of Zambia – EAZ President Dr Oswald Mungule has expressed concern over the adverse effects of the ongoing drought on Zambia’s economy.
Mungule attributes the hindrance in economic growth to natural disasters caused by climate change, particularly drought.
He said the severity of the situation has led the government to declare a National Disaster and Emergency.
The EAZ President emphasizes the need for concerted efforts from all economic stakeholders to mitigate the impact of the drought.
Mungule said to address the pressing issue, EAZ will host the 2024 Economic Summit on July 25th and 26th at Ciela Resort in Chongwe District, Lusaka.
The Economics Guru said during the summit, stakeholders will analyze strategies to navigate the disaster and foster economic resilience.
He said the Economic Summit serves as a vital platform for collaboration between the government, industry players, and other stakeholders, demonstrating their commitment to overcoming economic challenges.
The EAZ President said the theme of this year’s summit is “Pioneering Zambia’s Sustainable Economic Transformation through Climate Change Adaptation and Sustainable Financing Mechanisms after Debt Restructuring.”
Mungule said the Summit will delve into the crucial topics of sustainable development, climate change adaptation, and innovative financing mechanisms.
The Economic Guru said the summit will address the challenges of climate change and explore sustainable solutions, while also discussing innovative financing mechanisms.
This is contained in a statement issued by the Economics Association of Zambia (EAZ) Acting Chief Executive Officer Tendai Posiana.
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