FY25–FY29 Country Partnership Framework for the Republic of Zambia
Introduction
The FY25–FY29 Country Partnership Framework (CPF) outlines the World Bank Group's (WBG) strategic engagement with Zambia, focusing on recovery from economic shocks, inclusive and resilient growth, and job creation. This framework builds on the previous CPF (FY19–FY24) while emphasizing private sector-led growth, human capital development, and climate resilience. It was developed through extensive stakeholder consultations, incorporating analyses from various reports such as the Systematic Country Diagnostic, Country Economic Memorandum, Public Finance Review, and Poverty and Equity Assessment.
Country Context and Development Agenda
Social and Political Context: Zambia faces ongoing social and political stability, with recent economic developments reflecting challenges and opportunities for growth.
Recent Economic Developments: The economy has experienced fluctuations, influenced by external factors and internal structural issues, requiring targeted interventions for recovery and sustainable growth.
Poverty and Shared Prosperity: Efforts are directed towards reducing poverty and promoting shared prosperity, aiming to ensure that growth benefits all segments of society.
Main Development Challenges: Key challenges include infrastructure gaps, lack of access to basic services, high levels of debt, and vulnerabilities to climate change, necessitating comprehensive strategies to address these issues.
World Bank Group Partnership Framework
Government Program Alignment: The CPF aligns with the Government of Zambia's priorities, focusing on enabling and mobilizing private capital, enhancing public finance management, and improving human capital.
Proposed Framework Details: The framework outlines specific objectives related to private sector development, human capital improvement, and climate resilience, supporting the Government's efforts to foster inclusive, sustainable, and resilient growth.
Implementation Strategy: The CPF emphasizes operationalizing the "One World Bank Group" approach, focusing on delivering scalable solutions, using the Corporate Scorecard for outcomes measurement, and leveraging partnerships with other development partners.
Managing Risks to the CPF Program
This section discusses strategies to mitigate risks associated with project implementation, ensuring effective management of current and future projects, and enhancing resilience against potential challenges.
Annexes
- Results Framework for Zambia CPF FY25–FY29: Outlines performance indicators and targets for achieving the high-level outcomes.
- Completion and Learning Review: Reviews the implementation of the previous CPF, highlighting lessons learned and adjustments needed for the new framework.
- Streamlined Systematic Country Diagnostic Update: Provides an updated assessment of the country's development context, identifying priority areas for intervention.
- Selected Indicators of Bank Portfolio Performance and Management: Highlights key metrics reflecting the effectiveness of the WBG's operations in Zambia.
- Operations Portfolio (IDA and Grants): Details the portfolio managed by the International Development Association, including loans and grants.
- IFC Committed and Outstanding Portfolio by Industry Group: Tracks investments by the International Finance Corporation across various sectors.
- MIGA’s Guarantee Portfolio: Summarizes the Multilateral Investment Guarantee Agency's role in providing insurance and guarantees for foreign investments.
This CPF represents a strategic roadmap for the WBG's engagement in Zambia, designed to support the country's recovery and sustainable development goals, leveraging partnerships and innovative approaches to overcome existing challenges.
