Zambia has been putting in place a system to account for the status and use of its valuable natural resources and using it to inform important decisions.
This report introduces Zambia’s new natural capital accounting (NCA) system and in particular its recently established water, forest, and land accounts. It summarizes why the Zambian government believes that production of natural capital accounts is a priority and describes how they were produced with the support of the World Bank Wealth Accounting and Valuation of Ecosystem Services (WAVES) programme.
It also describes the significant policy implications of the accounts and how the information in the accounts has helped to improve policies and plans at the national, sector, and local levels. Considering that regular accounting can bring further benefits, the report looks at how far Zambia has already institutionalized natural capital accounting as a standard process.
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