Zambia: 2009 Article IV Consultation, Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement: Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia
January 15, 2010
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This 2009 Article IV Consultation highlights that the Zambian economy has performed well in recent years and showed some resilience to the recent global recession. Growth in 2009 is now projected at 5.3 percent, in line with the average for recent years, as the slowdown in the tertiary sector was compensated by a significant increase in copper production and a bumper crop. Executive Directors have commended the Zambian authorities for their prudent macroeconomic management, observing that the Zambian economy has proven resilient to the global economic crisis.
Subject: Budget planning and preparation, Exchange rates, Expenditure, Foreign exchange, Monetary base, Money, Public financial management (PFM), Real effective exchange rates, Revenue administration
Keywords: Budget planning and preparation, contraction, CR, digit inflation, disbursement of an amount equivalent, Exchange rates, floating exchange rate regime, Global, government spending efficiency, ISCR, Monetary base, risk of debt distress, SDR, spending
Pages:
80
Volume:
2010
DOI:
Issue:
017
Series:
Country Report No. 2010/017
Stock No:
1ZMBEA2010001
ISBN:
9781451841374
ISSN:
1934-7685
