## Zambia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zambia

_IMF Staff Country Reports, October 25, 2017_

## Source details

**Canonical URL:** [Zambia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zambia](https://www.imf.org/en/publications/cr/issues/2017/10/25/zambia-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45358)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/10/25/zambia-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45358/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/10/25/zambia-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45358/index.json)
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## Bibliographic details
- Published: October 25, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484325339.002

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### Executive summary and outlook
- Improved near-term outlook for the Zambian economy in recent months driven by:
  - good rains
  - the rising world copper price
- The economy was in near-crisis conditions from the fourth quarter of 2015 through most of 2016, reflecting:
  - the impact of exogenous shocks
  - lax fiscal policy in the lead-up to general elections
- The medium-term outlook for the economy is contingent on policies

### Key findings and policy implications
- Achieving sustained high and inclusive growth requires:
  - a stable macroeconomic environment
  - policies and reforms to increase productivity
  - policies and reforms to enhance competitiveness
  - policies and reforms to strengthen human capital
  - policies and reforms to support financial inclusion for small and medium-scale enterprises

### Subjects and keywords (as listed)
- Subject: Debt sustainability analysis, External debt, Fiscal policy, Fiscal stance, Public and publicly-guaranteed external debt, Public debt
- Keywords: authority, CR, creating flow, debt, Debt sustainability analysis, expenditure overrun, financing constraint, Fiscal stance, GDP, Global, government ministry, ISCR, Medium-Term debt management strategy, Public and publicly-guaranteed external debt, Sub-Saharan Africa, Zambian authorities

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17327.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17327.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/10/25/zambia-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45358_