The World Bank will give Targeted Technical Assistance (TTA) to 20 countries worldwide including 8 in Africa under their Global Sustainability Program (GPS).
The Ministry of National Development Planning says ascertaining and quantifying Zambia’s natural capital wealth in tourism, land, forest, water and other sectors is important in planning for the country’s economic growth and ensuring sustainable development.
Government of Zambia says it is vital to account for natural resources in calculation of the Gross Domestic Product (GDP) and the wider national development.
Zambia has developed preliminary accounts for water, land and forests.
Zambia is the first to join as a core implementing country under the second phase of WAVES.