Pre-conditions for Zambia to Exit from Depending on Foreign Aid as a Tool for Development Financing

Zambia has been acquiring aid as additional resource to finance the growing development problems. Surprisingly, in 2015 and 2016, during the presentation of National Budgets Government of Zambia made public pronouncements that the Country would embark upon the process of exiting from depending on aid to finance development.

The study used exploratory research design with largely qualitative and some quantitative data. The study sampled a total of thirteen (13) respondents from various institutions ranging from government, civil society organizations to. Data for this research was collected using in depth interview guides and analysed using Qualitative Content Analysis method. In addition, secondary data was collected through literature review.

The finding of this study was that, Zambia can only exit from aid upon meeting the three specific pre conditions namely; Expansion and strengthening of domestic financial resource mobilization mechanisms, prudent use of mobilized financial resources and development and implementation of a comprehensive long term foreign aid exit strategy.

The recommendation of the research is that the Government of Zambia look at foreign aid exit in a comprehensive manner.