Zambia: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria, and Financing Assurances Review—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia
April 19, 2005
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This paper examines Zambia’s Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and a Request for Waiver and Modification of Performance Criteria (PC). Performance under the PRGF-supported program has been good, although there were delays in some structural measures. All but one of the PCs and all benchmarks under the quantitative program for December 2004 were observed. Two structural PCs were observed, and the third one, for end-February 2005, is now a prior action for the completion of the second review.
Subject: Asset and liability management, Budget planning and preparation, Debt relief, Expenditure, Monetary base, Money, Public financial management (PFM)
Keywords: authorities' end-February ceiling, authority, Budget planning and preparation, budget proposal, CR, Debt relief, government, ISCR, maize harvest, Monetary base, priority poverty-reducing programs, Zambian authorities
Pages:
79
Volume:
2005
DOI:
Issue:
138
Series:
Country Report No. 2005/138
Stock No:
1ZMBEA2005004
ISBN:
9781451841268
ISSN:
1934-7685
