Zambia: Staff Report for The 2015 Article IV Consultation

June 16, 2015

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Zambia: Staff Report for The 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This 2015 Article IV Consultation highlights that in the last two years, the Zambian economy has been weighed down by large fiscal imbalances, lower copper prices, and policy uncertainties. Real GDP growth has slowed, the current account has deteriorated, international reserves have fallen, and the exchange rate has been under downward pressure. The IMF staff estimates that real GDP growth slowed from 6.7 percent in 2013 to 5.6 percent in 2014, driven by a contraction in copper production. Growth is projected to average 5.5–7 percent a year over the medium term, reflecting the impact of investments in mining and electricity in recent years.

Subject: Expenditure, External debt, Government debt management, Mining sector, Public debt, Public financial management (PFM), Revenue administration, Tax refunds

Keywords: CR, Debt, Debt management, East Africa, Global, Government debt management, ISCR, Mining taxation regime, Policy mix, Policy uncertainty, Real GDP, Regime, Southern Africa, Tax refunds, Zambian authorities

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/152
Stock No:

1ZMBEA2015001
ISBN:

9781513526898
ISSN:

1934-7685

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