## Zambia: Selected Issues

_IMF Staff Country Reports, July 13, 2023_

## Source details

**Canonical URL:** [Zambia: Selected Issues](https://www.imf.org/en/publications/cr/issues/2023/07/13/zambia-selected-issues-536343)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/07/13/zambia-selected-issues-536343/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/07/13/zambia-selected-issues-536343/index.json)
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## Bibliographic details
- Published: July 13, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400249839.002

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### Overview
- Focus: boosting sustainable growth in Zambia.
- Key context: Zambia’s economy is highly dependent on mining and agriculture; growth has been insufficient to lift its young and growing population from poverty.
- Governance and macroeconomic stability are presented as prerequisites for sustainable growth.

### Macroeconomic strategy and credibility
- The new government (came into power in 2021) adopted a growth approach that focuses first on restoring macroeconomic stability as the precondition to sustainable growth.
- Restoring macroeconomic stability and credibility is identified as the best way to attract new investment.

### Debt restructuring and investment climate
- Prompt and clear resolution of the debt restructuring removes the largest obstacle to economic recovery.
- Expected effects of resolving debt restructuring:
  - Lower uncertainty for foreign and domestic investors.
  - Boost the impact of the government’s program to restore macroeconomic stability and fiscal sustainability.

### Business environment, rule of law, and governance
- Rule of law and fighting corruption are highlighted as key to improving the business environment.
- Policy measures emphasized:
  - Reducing corruption.
  - Streamlining bureaucratic procedures.
  - Easing the business environment to attract investment.

### Human capital and long-term growth
- The report supports a focus on education and health.
- A simulation of the impact of improved education and health indicators (because of the government’s investment in health and education) shows a significant increase in long-term growth rates.

### Subject areas and keywords (as listed)
- Subject: Agricultural sector, Commercial banks, Economic sectors, Financial institutions, Financial sector policy and analysis, Financial sector stability, Health, International organization, Monetary policy, Systemic risk
- Keywords: Africa, Agricultural sector, agriculture sector, agriculture sector contribution, Commercial banks, Financial sector stability, G. agriculture policy, Global, Growth dividend, growth potential, Sub-Saharan Africa, Systemic risk

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## Content in this bundle

- **Zambia: Selected Issues; IMF Country Report No. 23/257; June 30, 2023**
  - [Zambia: Selected Issues; IMF Country Report No. 23/257; June 30, 2023 (Markdown version)](/-/media/files/publications/cr/2023/english/1zmbea2023003.pdf.md){rel="alternate" type="text/markdown"}
  - [Zambia: Selected Issues; IMF Country Report No. 23/257; June 30, 2023 (PDF)](/-/media/files/publications/cr/2023/english/1zmbea2023003.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2023/07/13/zambia-selected-issues-536343_