Zambia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zambia

October 25, 2017

Preview Citation

Format: Chicago

Zambia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zambia, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This 2017 Article IV Consultation highlights the improved near-term outlook for the Zambian economy in recent months, driven by good rains and the rising world copper price. The economy was in near-crisis conditions from the fourth quarter of 2015 through most of 2016, reflecting the impact of exogenous shocks and lax fiscal policy in the lead-up to general elections. The medium-term outlook for the economy is contingent on policies. Achieving sustained high and inclusive growth requires a stable macroeconomic environment as well as policies and reforms to increase productivity, enhance competitiveness, strengthen human capital and support financial inclusion for small and medium-scale enterprises.

Subject: Debt sustainability analysis, External debt, Fiscal policy, Fiscal stance, Public and publicly-guaranteed external debt, Public debt

Keywords: Authority, CR, Creating flow, Debt, Debt sustainability analysis, Expenditure overrun, Financing constraint, Fiscal stance, GDP, Global, Government ministry, ISCR, Medium-Term debt management strategy, Public and publicly-guaranteed external debt, Sub-Saharan Africa, Zambian authorities

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/327
Stock No:

1ZMBEA2017001
ISBN:

9781484325339
ISSN:

1934-7685

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