Zambia: First and Second Reviews of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Nonobservance of Performance Criteria, and Augmentation of Access: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director of Zambia
June 16, 2009
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
Zambia’s nonperforming loans are expected to increase and banks have become more cautious in their lending. The staff report for the Zambia’s first and second reviews of the Three-Year Arrangement under the Poverty Reduction and Growth Facility and request for Waivers of Nonobservance of Performance Criteria, and Augmentation of Access is examined. The slowdown in external demand and uncertainty about the global outlook have negatively affected growth prospects and the balance of payments, and made the program targets for reserve accumulation unattainable.
Subject: Central banks, Inflation, International reserves, Metal prices, Mining sector, Prices, Public debt, Public financial management (PFM)
Keywords: CR, Global, growth facility, growth performance, Inflation, International reserves, ISCR, Metal prices, nonobservance, program implementation, request, sector strategy, Three-Year, Three-Year arrangement
Pages:
63
Volume:
2009
DOI:
Issue:
188
Series:
Country Report No. 2009/188
Stock No:
1ZMBEA2009001
ISBN:
9781451841367
ISSN:
1934-7685
