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Competition Law In Zambia

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Zambia’s whole foreign debt exceeded $6 billion when the nation qualified for Highly Indebted Poor Country Initiative debt relief in 2000, contingent upon assembly certain performance standards. Improvements on the earth copper market have magnified the effect of this quantity improve on revenues and international exchange earnings. The bureaucratic procedures surrounding the method of acquiring licences encourages using facilitation payments. Kaunda played a job in regional diplomacy, cooperating with the United States seeking options to conflicts in Southern Rhodesia , Angola, and Namibia. After worldwide copper prices declined in the Nineteen Seventies, the socialist regime made up for falling revenue with abortive attempts at International Monetary Fund structural adjustment applications .

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On 24 October 1964, Zambia turned impartial of the United Kingdom and prime minister Kenneth Kaunda turned the inaugural president. Initially, Zambia hoped to succeed in the HIPC completion point, and benefit from substantial debt forgiveness, in 2003. Kaunda’s socialist United National Independence Party maintained power from 1964 until 1991. From 1972 to 1991 Zambia was a one-party state with UNIP as the only turkish citizenship lawyer Law Firm legal political party beneath the motto “One Zambia, One Nation” coined by Kaunda. Zambia is dealing with financial reform points such as the scale of the basic public sector, and bettering Zambia’s social sector supply methods. Kaunda was succeeded by Frederick Chiluba of the social-democratic Movement for Multi-Party Democracy in 1991, beginning a interval of government decentralisation.

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