Zambia: Ex Post Assessment of Longer-Term Program Engagement: Update

July 20, 2011

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Zambia: Ex Post Assessment of Longer-Term Program Engagement: Update, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

Despite improved economic growth, poverty in Zambia remained formidable and called for fiscal consolidation to contain the domestic debt and interest payments that jeopardized macroeconomic stability and social spending. Macroeconomic outcomes during ECF-2 were particularly strong. The global financial crisis significantly affected copper prices. Laying the groundwork to sustain low inflation, infrastructure development, mobilizing domestic revenues, and financial sector development are priority areas for future programs. A well-articulated medium-term economic program would help Zambia to strengthen resilience and raise growth rates.

Subject: Capital spending, Expenditure, Financial markets, Financial sector development, Inflation, Prices, Public financial management (PFM), Revenue administration

Keywords: Banking sector, Capital spending, Central bank, CR, Debt relief, Financial sector development, FINScope Zambia, GDP, Global, IMF staff, Inflation, Interest rate, ISCR, Monetary policy, Revenue performance, Spending, Sub-Saharan Africa, Zambia

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/197
Stock No:

1ZMBEA2011002
ISBN:

9781462315345
ISSN:

1934-7685

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