Zambia : Fourth Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; and Press Release on the Executive Board Consideration

Author/Editor:

International Monetary Fund

Publication Date:

July 19, 2006

Electronic Access:

Free Full text (PDF file size is 960 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Zambia has achieved robust economic growth over the years, and poverty has begun to trend downward under the Poverty Reduction and Growth Facility Arrangement. Prudent fiscal policy has reduced the domestic financing need and facilitated the implementation of a firmer monetary policy. Executive Directors agreed that the relief under the economic program and the Multilateral Debt Relief Initiative has reduced its external debt, and its economic fundamentals have helped in gaining market confidence. They advised the authorities to maintain macroeconomic stabilization and stressed the need to accelerate structural reform.

Series:

Country Report No. 06/263

Subject:

English

Publication Date:

July 19, 2006

ISBN/ISSN:

9781451841299/1934-7685

Stock No:

1ZMBEA2006003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

73

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