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

Publication Date: July 20, 2011
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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.
Series: Country Report No. 11/196

Publication Date: July 20, 2011
ISBN/ISSN: 9781462316335/1934-7685 Format: Paper
Stock No: 1ZMBEA2011001 Pages: 52
US$18.00 (Academic Rate:
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