From whom the wind falls. Six problems with privatisation in Zambian copper mines.

A huge share of Zambia's meagre resources went to the World Bank and IMF as loan repayments and debt service.

Development Agreements, brokered by the Bank and Fund, directed very little new revenue from the companies towards state coffers; hence the six problems with privatization: viz, One-sided deals; Inadequate regulation, Illegal operations and Impunity; Casualisation of the workforce; Deepening pensioner poverty; Lack of linkages to local business; and Failure to protect the social infrastructure.

Authors: Professor John Lungu and Alastair Fraser.
More information: www.minewatchzambia.com

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