{
  "title": "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",
  "publication": "IMF Staff Country Reports, June 17, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/zambia-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-22059",
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  "summary": "The fiscal stance has been more expansionary in 2008, but there should be no need for net domestic financing. The new fiscal regime for mining increases the average effective tax rate from a level that was significantly below that of other mining countries.",
  "publishDate": "2008-06-17",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic stance and fiscal policy",
      "content": "- The fiscal stance has been more expansionary in 2008.\n- There should be no need for net domestic financing in 2008.\n- The new fiscal regime for mining increases the average effective tax rate from a level that was significantly below that of other mining countries.\n- Structural policies will complement the medium-term macroeconomic framework."
    },
    {
      "heading": "Monetary policy and inflation objectives",
      "content": "- The monetary program aims to reduce annual inflation to 7 percent in 2008.\n- The authorities intend to address the challenge of coordinating fiscal and monetary policies to enable the Bank of Zambia (BoZ) to improve liquidity management."
    },
    {
      "heading": "Subject coverage and keywords (as listed)",
      "content": "- Subject: Central Banks, Economic sectors, External debt, International reserves, Mining sector, Oil prices, Prices, Public financial management (PFM)\n- 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\n\nZambia: 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.\n\n---\n\n Content in this bundle\n\n- cr08187\n  - cr08187 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08187 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/zambia-request-for-a-three-year-arrangement-under-the-poverty-reduction-and-growth-facility-22059"
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    "Published: June 17, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451841350.002",
    "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.",
    "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: 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",
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