Preface by the Honourable Mr. Felix Mutati, Minister of Commerce, Trade and Industry Republic of Zambia, July 2011
Preface By Rintaro Tamaki, Deputy Secretary-General, OECD
List of Abbreviations
Executive Summary
Chapter 1. Zambia’s Ambitious Reform Agenda
-1. Commitment to implementing key economic reforms
-2. Launch of the Private Sector Development Programme
-3. Contribution of multi-lateral and bi-lateral debt relief
-4. Overall performance of the economy
-5. Investment policy challenges and options
Chapter 2. Investment Policy
-1. Steps taken to simplify Zambia’s investment regimes
-2. Steps taken to improve processes of property and land ownership registration
-3. Protection of intellectual property rights
-4. Contract enforcement and alternative dispute settlement systems
-5. Compensation mechanisms for expropriation
-6. Principle of non-discrimination on laws relating to investment
-7. International co-operation in the promotion and protection of investment
Chapter 3. Investment Promotion and Facilitation
-1. Investment promotion and facilitation strategy
-2. Establishment of the Zambia Development Agency
-3. Adequacy of government funding to the ZDA
-4. Reducing the cost of establishing new investment ventures
-5. Consultative framework between government, ZDA and investors
-6. Promoting investment linkages
-7. International and regional initiatives for strengthening investment promotion expertise
-References
Chapter 4. Trade and Competition Policy
-1. Trade policy
-2. Competition policy
-References
Chapter 5. Tax Policy
-1. Linking the tax burden to broader development objectives
-2. Link between average tax burden on domestic projects and policy goals
-3. Limitations of tax policy when framework conditions and market characteristics are weak
-4. Influence of targeted tax incentives on tax-planning activities
-5. Reporting of tax expenditure accounts for budget purposes
-6. International collaboration and countering abusive tax planning strategies
-References
Chapter 6. Corporate Governance
-1. Entrenching corporate governance standards in regulatory frameworks
-2. Corporate governance framework and treatment of shareholders
-3. Legal redress where shareholder rights are violated
-4. Procedures and institutions enabling shareholders to influence company affairs
-5. Company information disclosure requirements
-6. Oversight role of boards
-7. Inculcating good corporate governance culture in private companies
-8. Regulation of State Owned Enterprises in a competitive market environment
-References
Chapter 7. Policies for Promoting Responsible Business Conduct
-1. Separation of roles between government and business sector
-2. Communication of responsible business practices
-3. Facilitating financial and non-financial disclosure
-4. Supporting companies to comply with the law
5. Measures taken to strengthen responsible business practices
-6. Adoption of international best practices
References
Chapter 8. Infrastructure Development
-1. Process used to evaluate infrastructure investment needs
-2. Measures taken to uphold transparency and procedural fairness in contracts
-3. Telecommunications sector
-4. Electricity sector
-5. Transport infrastructure
-6. Enhancing water supply to meet development goals
-References
Chapter 9. Other Aspects of the Policy Framework for Investment
-1. Financial sector development
-2. Human resource development
-3. Public governance
-References
-Annex A. Members of the PFI Tehcnical Implementation Team appointed by Cabinet