Structural Adjustment and Drought in Zambia

While drought is not uncommon in Zambia, the country is now facing the worst drought in history. The monetary and social costs will be enormous. Although it is too early to measure the economic and social costs of the drought on Zambia, it is obvious that the impact is catastrophic on a country whose economy is under pressure. The drought will affect the structural adjustment programme (SAP) unveiled by the new government which has embraced the market economy. The country has imported, and will continue to import, large quantities of maize and other foodstuffs, a situation likely to strain the balance of payments. Earlier targets with regard to export earnings, reductions in the budget deficit, and GDP growth as contained in the Policy Framework Paper (PFP) are no longer attainable due to the effects of the drought

Affect (linguistics · Balance (ability · Balance of payments · Development economics · Earnings · Economic policy · Economics · Government (linguistics · International economics · Market economy · Natural resource economics · Social security · Structural adjustment · Agricultural risk and resilience · Finance

• The Impact of Drought on Sub-Saharan African Economies

  Open Access•Charlotte Benson, Edward Clay•IDS Bulletin•1994

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