Zambia: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria, and Financing Assurances Review

December 27, 2010

Preview Citation

Format: Chicago

Zambia: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria, and Financing Assurances Review, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

Zambia showed strong economic performance with robust growth and moderating inflation under the Extended Credit Facility (ECF). It showed sound macroeconomic policies and progress in structural reforms. The Zambian authorities consider their main challenge to create fiscal space for priority spending, enhance economic diversification, and reduce poverty. The strengthening of debt management and project appraisal capacity are critical in this regard. To meet the financing needs for addressing growth-critical infrastructural requirements, the Zambian authorities requested a waiver for the nonobservance of a performance criterion on nonconcessional external debt.

Subject: Budget planning and preparation, Credit, External debt, Government debt management, Monetary base, Money, Public financial management (PFM)

Keywords: Africa, Authorities request, Authority, Budget planning and preparation, Central Asia, CR, Credit, Discussion of Zambia, East Asia, Executive board's discussion, Financing, Global, Government debt management, Government support, ISCR, Middle East, Monetary base, Zambian authorities

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/383
Stock No:

1ZMBEA2010003
ISBN:

9781455213573
ISSN:

1934-7685

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