Zambia: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia

July 20, 2011

Preview Citation

Format: Chicago

Zambia: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

Zambia’s strong economic performance continues under the Extended Credit Facility arrangement. With a broadly unchanged macroeconomic outlook, the medium-term policy stance remains appropriate, but vigilance is warranted. The strengthening economy provides an opportunity for more rapid poverty reduction and employment creation. The fiscal program remains appropriate. As the government moves to tap the sovereign bond market, it will be important to strengthen debt and liquidity management capacity. Reforming the pricing and marketing system for maize remains critical. Executive Directors support the Bank of Zambia (BoZ)’s monetary policy tightening.

Subject: Banking, Capital spending, Credit, Expenditure, Financial services, Inflation, Monetary base, Money, Prices

Keywords: Asia and Pacific, Authority, Capital spending, Commercial banks government securities stock, Complying disbursement, CR, Credit, ECF arrangement, Global, IMF support, Inflation, ISCR, Monetary base, Post assessment exercise, Sub-Saharan Africa

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/196
Stock No:

1ZMBEA2011001
ISBN:

9781462316335
ISSN:

1934-7685

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