{
  "title": "Zambia: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zambia",
  "publication": "IMF Staff Country Reports, January 30, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/zambia-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21644",
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  "summary": "The Zambian economy has performed well owing to its strong macroeconomic policies, high copper export prices, and extensive debt relief.",
  "publishDate": "2008-01-30",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic performance and drivers",
      "content": "- The Zambian economy \"has performed well owing to its strong macroeconomic policies, high copper export prices, and extensive debt relief.\"\n- Commendations by Executive Directors:\n  - Tight monetary policy and fiscal stances.\n  - Revenue reforms.\n  - Efforts to strengthen debt management.\n  - Financial sector reforms.\n  - Trade regime reforms to accelerate export development."
    },
    {
      "heading": "Poverty reduction and development priorities",
      "content": "- Executive Directors encouraged the authorities to:\n  - Reduce poverty and attain the Millennium Development Goals (MDGs) under the Fifth National Development Plan (FNDP).\n  - Improve budget execution.\n  - Create fiscal space for increased spending on infrastructure and social sectors."
    },
    {
      "heading": "Policy recommendations and emphasis",
      "content": "- Fiscal policy:\n  - Continue tight fiscal stance while improving budget execution to free resources for infrastructure and social spending.\n- Monetary policy:\n  - Maintain tight monetary policy consistent with macroeconomic stability.\n- Revenue and debt management:\n  - Sustain revenue reforms and efforts to strengthen debt management to preserve fiscal sustainability.\n- Structural reforms:\n  - Continue financial sector reforms.\n  - Advance trade regime reforms to support export development.\n\nInternational Monetary Fund. \"Zambia: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Zambia\" (IMF Staff Country Reports 2008, 041).\n\n---\n\n Content in this bundle\n\n- cr0841\n  - cr0841 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0841 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/zambia-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21644"
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    "Published: January 30, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451841343.002",
    "The Zambian economy \"has performed well owing to its strong macroeconomic policies, high copper export prices, and extensive debt relief.\"",
    "Commendations by Executive Directors:",
    "Executive Directors encouraged the authorities to:",
    "Fiscal policy:",
    "Monetary policy:",
    "Revenue and debt management:",
    "Structural reforms:",
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