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(TIMES ZM) Timely World Bank advice

COMMENT - More idiocy from the always idiotic and trillionaire agenda driven World Bank.

Timely World Bank advice
September 6, 2012 | Filed underBusiness | Posted by mitia
By MAIMBOLWA MULIKELELA -

THE local manufacturing sector needs correct policies, incentives and supportive systems to enhance its growth, World Bank country director Kundhavi Kadiresan has said.

Ms Kadiresan said in Lusaka that Zambia needs to identify policies, incentives and supportive systems that would support growth of the manufacturing companies to promote more locally manufactured products.

She said it was important for Zambia to understand these requirements so that stakeholders such as Civil Society Organisations (CSOs) could push the Government and other stakeholders to make it a reality.

“Just by saying we want local companies to manufacture goods here, does not bring it. You have to understand the policies, incentives and support systems so that we can push the mining industry and push the Government and other officials to came together so that they can make this a reality,” Ms Kadiresan said.

She said there was need to address the issues of equality in rural areas, especially where mining companies were operating.

Ms Kadiresan, who also represents Zimbabwe and Malawi, noted that, despite the mining companies expanding their operations, the communities surrounding the mining area were struggling.

“The mining companies are expanding and it is good because the economy seems to be booming in a very positive way so you see the mining companies expanding at the same time when you walk outside the mining companies.

“You will see communities that are actually struggling and very poor and poverty in rural areas is about 70 per cent,” she said.

Ms Kadiresan added: “How can we have a huge disconnect and when travelling in that part of Zambia you will see a number of trucks moving in and out of Zambia while at the same time, we have the poor population sitting out.

This largely borders on the issues of taxation and to need to understand issues around taxation and we transfer the pricing process because most of the money does not remain in Zambia as the procurement of goods and services coming into the mining industry are imported,” Ms Kadiresan said.

Labels: IMF, World Bank

posted by MrK @ 2:42 PM