Zambia - Memorandum on recent economic developments

Fitt-copy RESTRICTED Report No. AE- 19a This report is for official use only by the Bank Group and specificaUy authorized oranizations or persons. It May not be pubLshed, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibilty for the accuracy or completeness of the report. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION MEMORANDUM ON RECENT ECONOMIC DEVELOPMENTS IN ZAMBIA July 28, 1971 Eastern Africa Department  US SI - Ivacha 0.731- Kwachaj. 3 US $1.40 1uacha 1 - 100 ng Ilong TGn 2,a24ibs. 1 Shoi tTon 2,000 lbs. 1 Long m - 1,016 -etric Ton 1 Shor Ti * QM.907 Mtric Tons  NEMORANDUM ON RECENT ECONOMIC DEVELORFENTS IN; ZAEBIA Table of Contents Pa&e No Basic Data . . . . . . . . . . . . . . . . . . . . Map ........... ............ ................ Introduction ... .. . ..... .wO . ......1 General Background ... O.* .O.**.*... ... O.*. 1 State Participation ................. ....... 2 The Copper Price . . .*..*. *.*. a. .0 * 3 Recent Economic Developments ..... . 4 Overall Growth *.............. . l. Mining ................. Agriculture ....... . f 5 Mamnfacturing .e.*....@..@* * **..**..*.e*t.*o 6 The Tan-Zam Railroad * 6 Employment, Wages, and Prices ., 6 Public Finance ........ .7 External Payments ............................. 11 External Debt and Creditworthiness 12................ 1 Appendix - Statistical Tables ............ .00..* This paper is based on the findings of a visi.t to Zambia by Mr. Willem Haane in February, 1971.   ZAMi"I A 13A''IC lD'['A Area: 2C91,000 square miles, or 7?3,Ut. q square km Population (1969): h 4, oE5h, 00o Rate of growth: 2.5 percent, Densi ty: Ii per sq. mile, or 2 per sq. km Political status Independent since 196L4; member of the British Commonwealth. Gross Na;ional Frdi