Zambia: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zambia

January 30, 2008

Preview Citation

Format: Chicago

Zambia: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zambia, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

The Zambian economy has performed well owing to its strong macroeconomic policies, high copper export prices, and extensive debt relief. Executive Directors encouraged the authorities to reduce poverty and attain the Millennium Development Goals (MDGs) under the Fifth National Development Plan (FNDP), and emphasized to authorities to improve budget execution and create fiscal space for increased spending on infrastructure and social sectors. They commended the tight monetary policy and fiscal stances, revenue reforms, and efforts to strengthen debt management. They welcomed financial sector reforms and also the trade regime to accelerate export development.

Subject: Balance of payments, Budget planning and preparation, Current account, Exchange rates, External debt, Foreign exchange, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Current account, Exchange rates, Global, Government, ISCR, Poverty headcount, Reserve money growth, Revenue collection, Revenue performance, Southern Africa, Staff appraisal

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/041
Stock No:

1ZMBEA2008003
ISBN:

9781451841343
ISSN:

1934-7685

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