Zambia: Selected Issues and Statistical Appendix
July 21, 2004
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This Selected Issues paper analyzes sources of growth in Zambia. It assesses domestic debt dynamics and expenditure composition under two scenarios: first, the execution of the fiscal adjustment envisaged in the 2004 budget and in the medium-term framework; and second, the continuation of recent trends. The paper assesses movements in the external value of the kwacha using a number of different approaches. It also looks at developments in the real exchange rate and in differentials in rates of return on financial assets in Zambia and key financial centers.
Subject: Debt service, Domestic debt, Exchange rates, External debt, Financial services, Foreign exchange, Interest payments, Public debt, Real exchange rates, Real interest rates
Keywords: Africa, B. growth accounting, CR, Debt service, Domestic debt, East Africa, Exchange rates, expenditure, GDP, growth-accounting exercise, interest payment, Interest payments, ISCR, net rate of return, policy reform, poverty-reducing spending, Real interest rates, Southern Africa
Pages:
52
Volume:
2004
DOI:
Issue:
160
Series:
Country Report No. 2004/160
Stock No:
1ZMBEA0012004
ISBN:
9781451841206
ISSN:
1934-7685
