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The Unusual Business

“Business Unusual: Policy Implications for Zambia of the Global Economic Crisis ”. The Unusual Business. The Unusual Business. ECONOMICS ASSOCIATION OF ZAMBIA. Economic Crisis W/shop. “Business Unusual: Policy Implications for Zambia of the Global Economic Crisis ”. EAZ CRISIS RESPONSE TEAM.

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The Unusual Business

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  1. “Business Unusual: Policy Implications for Zambia of the Global Economic Crisis ” The Unusual Business The Unusual Business ECONOMICS ASSOCIATION OF ZAMBIA Economic Crisis W/shop

  2. “Business Unusual: Policy Implications for Zambia of the Global Economic Crisis ” EAZ CRISIS RESPONSE TEAM MUNA HANTUBA ECONOMICS ASSOCIATION OF ZAMBIA Economic Crisis W/shop

  3. “Business Unusual: Policy Implications for Zambia of the Global Economic Crisis ” 10 POINT CRISIS RESPONSE STRATEGY • Austerity budget: cut PEs back to 7% of GDP, cut general public services, but reduce PAYE • Expand infrastructure spending, reduce interest rates • Cut bureaucracy and red tape • Target SMEs • Cut taxes on agriculture, tourism, manufacturing and fuel. ECONOMICS ASSOCIATION OF ZAMBIA Economic Crisis W/shop

  4. “Business Unusual: Policy Implications for Zambia of the Global Economic Crisis ” 10 POINT CRISIS RESPONSE STRATEGY • Restore investor confidence in mining sector. • Seek finance for power sector • Protect social sector expenditure • Special support for affected sectors and communities • Beef up implementation monitoring and evaluation at highest level of government ECONOMICS ASSOCIATION OF ZAMBIA Economic Crisis W/shop

  5. The Unusual Business UNUSUAL BUSINESS TO RESULT IN • Improved and increased infrastructure capacity • Reduction of business operating costs through legal/administrative reforms • More business-friendly tax/duty environment • Sustaining investment in human capital - education, skills-development and health • Improved economic management • More jobs • Follow through and tracking progress ECONOMICS ASSOCIATION OF ZAMBIA Economic Crisis W/shop

  6. “Business Unusual: Policy Implications for Zambia of the Global Economic Crisis ” THANK YOU THANK YOU ECONOMICS ASSOCIATION OF ZAMBIA Economic Crisis W/shop

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