High commodity prices feed the economic boom
In recent years Zambia has experienced a clear economic down turn, that started with the global price-drop for commodities and led to deterioration of the Zambian Kwacha and increasing sovereign debt. At the same time the country is rich in natural resources, has plenty of fresh water and fertile soil. Per capita income increased to about USD 1,500 p.a. , - nevertheless almost two thirds of the population still live below the poverty line. In addition the population will double within the next 20 years as the country has one of the highest population growth rates in Southern Africa. Despite its impressive development the country is still facing major challenges.