Sub-Saharan Africa
Zambia’s vast mineral wealth and plentiful water resources have traditionally been critical contributors to economic growth in the country. Zambia’s mining sector has been a prime mover of economic development for over 70 years, with exports of mineral products contributing about 70% of total foreign exchange earnings and currently about 11% of contribution to GDP. Despite the rapid economic growth between 2004 and 2014, Zambia has 60% of the population living below the poverty line and 42% considered to be in extreme poverty.
The government is looking to Natural Capital Accounting (NCA) as a tool to guide investments for more diversified and sustainable growth that preserves and enhances the natural resource base that so many poor communities depend on. 
WAVES in Zambia
Zambia is the first core implementing country to join WAVES under its second phase (known as WAVES+). Building on the experiences of earlier partner countries, WAVES will collaborate with Zambia to provide important technical and institutional knowledge on producing accounts, analyzing results, and using findings to inform policy. 
Zambia has identified three priority areas for NCA:
  • Water Accounts: Including water supply, use and quality
  • Land Accounts: Including production of timber and non-timber forest products
  • Forest accounts, including production of timber and non-timber forest products
Some of the policy questions that the accounts seek to address include: Are current land, water and forest management practices conducive to sustainable and resilient growth? What are the economic and physical vulnerabilities in resource dependent sectors? Are the planned subsidy reforms in food, fuel and power conducive to sustainable growth as defined in seventh National Development Plan and who would be the potential winners and losers? 
The Story So Far
Zambia formally joined the WAVES partnership as a core implementing country in March 2017. Accounts are being calculated by four inter agency technical groups on water, forests, land, and modelling.
As of April 2018, the physical supply and use tables, as well as monetary accounts for water have been completed. Preliminary forest accounts are being finalized with information on assets at the national and province level, land change matrix, and physical supply and use table. Effort is being made to procure the right data for land accounts to fill the gaps. The preliminary accounts will be validated with stakeholders later this year. Zambia's 2018 NCA work plans can be accessed here, and the consultation report for the water account can be accessed here.   
WAVES lead government agency
Ministry of Development Planning
Country steering committee
Representatives from: Ministry of Development Planning; Ministry of Finance; Ministry of Lands; Ministry of Mines and Minerals Development; Ministry of Agriculture; Ministry of Fisheries and Livestock; Ministry of Water Development, Sanitation and Environmental Protection; Ministry of Energy; Environmental Management Agency; Water Resources Management Authority; Interim Climate Change Secretariat; Energy Regulation Board; Chamber of Mines
Country coordinator
Lloyd Chingambo
World Bank contact
Iretomiwa Olatunji: