Zambia: Staff Report for the 2012 Article IV Consultation
July 26, 2012
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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.
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
Pages:
75
Volume:
2012
DOI:
Issue:
200
Series:
Country Report No. 2012/200
Stock No:
1ZMBEA2012001
ISBN:
9781475505900
ISSN:
1934-7685
