Economy

Zambia joins OECD Development Centre as 56th member to drive reforms, shape public policy

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Zambia has officially joined the Organisation for Economic Cooperation and Development (OECD) Development Centre, becoming its 56th member in a significant step toward enhancing the country’s economic and policy development.

The admission, which took place during the ninth high-level meeting of the OECD Development Centre’s Governing Board in Paris on December 9, 2024, underscored Zambia’s growing integration into global economic discussions.

The OECD Development Centre, with 55 member nations, has historically had limited African representation, with only 12 African countries as members.

Zambia’s inclusion highlights its commitment to aligning with global standards of economic policy and development strategies.

The country’s engagement with the OECD promises to strengthen the link between policy formulation and tangible economic progress, particularly in areas vital to Zambia’s growth.

Finance and National Planning Minister, Situmbeko Musokotwane, expressed enthusiasm about Zambia’s new status, emphasizing the opportunities for deeper collaboration with other OECD member states.

He highlighted how such partnerships would aid in refining policy design and ultimately help Zambia thrive in the global economic arena.

The delegation, led by Minister of Tourism and Arts, Rodney Sikumba, attended the event on Musokotwane’s behalf.

Sikumba noted the OECD Development Centre’s instrumental role in shaping public policy and driving reforms across emerging economies, with a particular focus on sustainable growth, poverty reduction, and tackling inequality—issues that are pivotal to Zambia’s development agenda.

“The OECD Development Centre’s support has been crucial in guiding policy reforms in areas such as industrialization, resource mobilization, and the green economy,” Sikumba remarked.

He further stressed that Zambia’s membership would facilitate enhanced peer learning, promote effective reform implementation, and ensure the delivery of measurable economic outcomes.

Zambia’s new membership in the OECD Development Centre marks a milestone in its ongoing efforts to integrate more deeply into the global economic framework.

With stronger ties to global economic powers, the country hopes to benefit from enhanced policy design, international collaboration, and greater impact in its pursuit of sustainable development.

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