Zambia: Staff Report for the 2012 Article IV Consultation
IMF Staff Country Reports, July 26, 2012
Source details
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- Zambia: Staff Report for the 2012 Article IV Consultation
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Bibliographic details
- Published: July 26, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475505900.002
Key findings and overview
- 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.
- 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.
Risks and concerns highlighted
- Volatility of copper prices as a material risk to macroeconomic stability.
- Delay in implementing measures required to meet the 2012 budget deficit target.
Policy recommendations and directorate advice
- Directors recommended strengthening the tax administration.
- Directors recommended reducing subsidies and incentives for achieving the fiscal targets.
Subjects, keywords, and thematic coverage
- Subject: Budget planning and preparation, External debt, Financial services, Government debt management, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)
- Keywords: article IV of the IMF's article, Budget planning and preparation, CR, current account, debt, debt management, Global, Government debt management, inflation expectation, ISCR, monetary policy, monetary policy formulation, monetary policy objective, monetary policy stance, policy reversal, policy stance, Public and publicly-guaranteed external debt, real GDP
Content in this bundle
- Zambia: 2012 Article IV Consultation; IMF Country Report No. 12/200; May 24, 2012