Zambia: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria, and Financing Assurances Review
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Summary:
Zambia showed strong economic performance with robust growth and moderating inflation under the Extended Credit Facility (ECF). It showed sound macroeconomic policies and progress in structural reforms. The Zambian authorities consider their main challenge to create fiscal space for priority spending, enhance economic diversification, and reduce poverty. The strengthening of debt management and project appraisal capacity are critical in this regard. To meet the financing needs for addressing growth-critical infrastructural requirements, the Zambian authorities requested a waiver for the nonobservance of a performance criterion on nonconcessional external debt.
Series:
Country Report No. 2010/383
Subject:
Budget planning and preparation Credit External debt Government debt management Monetary base Money Public financial management (PFM)
English
Publication Date:
December 27, 2010
ISBN/ISSN:
9781455213573/1934-7685
Stock No:
1ZMBEA2010003
Pages:
72
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