Zambia: Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Zambia

July 29, 2004

Preview Citation

Format: Chicago

Zambia: Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Zambia, (USA: International Monetary Fund, 2004) accessed November 25, 2024

Summary

This paper examines Zambia’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Through end-March, most of the key quantitative benchmarks and six of the eight structural benchmarks under the Staff-Monitored Program (SMP) were observed. The PRGF-supported program is based on a strong fiscal adjustment envisaged in the 2004 budget and a modest growth of reserve money. A sharp decline in domestic financing of the budget relies on expenditure restraint. Despite the adjustment, the government targets a significant increase in poverty-reducing spending.

Subject: Asset and liability management, Banking, Budget planning and preparation, Debt relief, Debt service, External debt, Poverty, Poverty reduction, Public financial management (PFM)

Keywords: Broad money growth, Budget planning and preparation, CR, Debt relief, Debt service, East Africa, Global, Government, Government operation, ISCR, Poverty reduction, SMP target, Southern Africa, Sub-Saharan Africa, Wage arrears, Zambian authorities

Publication Details

Pages:

102
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2004/222
Stock No:

1ZMBEA0052004
ISBN:

9781451841220
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports