Zambia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia
IMF Staff Country Reports, June 17, 2008
Source details
- Canonical URL
- Zambia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia
Other formats
Bibliographic details
- Published: June 17, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451841350.002
Macroeconomic stance and fiscal policy
- The fiscal stance has been more expansionary in 2008.
- There should be no need for net domestic financing in 2008.
- The new fiscal regime for mining increases the average effective tax rate from a level that was significantly below that of other mining countries.
- Structural policies will complement the medium-term macroeconomic framework.
Monetary policy and inflation objectives
- The monetary program aims to reduce annual inflation to 7 percent in 2008.
- The authorities intend to address the challenge of coordinating fiscal and monetary policies to enable the Bank of Zambia (BoZ) to improve liquidity management.
Subject coverage and keywords (as listed)
- Subject: Central Banks, Economic sectors, External debt, International reserves, Mining sector, Oil prices, Prices, Public financial management (PFM)
- Keywords: authority, CR, Global, International reserves, ISCR, Mining sector, nonfood price inflation, oil price assumption, Oil prices, PRGF arrangement, PRGF loan, price, Southern Africa, Zambian authorities
Zambia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia, June 17, 2008; IMF Staff Country Reports No. 2008/187.