IMF Staff Country Reports

Zambia: Staff Report for the 2012 Article IV Consultation

Publication Date:

July 26, 2012

Electronic Access:

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Summary:

Despite Zambia's continued battle with poverty, the authorities have maintained sustained growth and macroeconomic stability during the past decade. 2011 showed robust GDP growth supported by agricultural activities and strong bank credit. But the Executive Board expressed concern over the risks arising from the volatility of copper prices and the delay in implementing measures required to meet the 2012 budget deficit target. Directors recommended strengthening the tax administration and reducing subsidies and incentives for achieving the fiscal targets.

Series:

Country Report No. 2012/200

Subject:

Budget planning and preparation External debt Financial services Government debt management Public and publicly-guaranteed external debt Public debt Public financial management (PFM)