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

Author/Editor:

International Monetary Fund

Publication Date:

July 29, 2004

Electronic Access:

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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.

Series:

Country Report No. 04/222

Subject:

English

Publication Date:

July 29, 2004

ISBN/ISSN:

9781451841220/1934-7685

Stock No:

1ZMBEA0052004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

102

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