Zambia : Ex Post Assessment of Longer-Term Program Engagement: Update.

Despite improved economic growth, poverty in Zambia remained formidable and called for fiscal consolidation to contain the domestic debt and interest payments that jeopardized macroeconomic stability and social spending. Macroeconomic outcomes during ECF-2 were particularly strong. The global financ...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Staff Country Reports; Country Report ; No. 2011/197
Online Access:Full text available on IMF
Description
Summary:Despite improved economic growth, poverty in Zambia remained formidable and called for fiscal consolidation to contain the domestic debt and interest payments that jeopardized macroeconomic stability and social spending. Macroeconomic outcomes during ECF-2 were particularly strong. The global financial crisis significantly affected copper prices. Laying the groundwork to sustain low inflation, infrastructure development, mobilizing domestic revenues, and financial sector development are priority areas for future programs. A well-articulated medium-term economic program would help Zambia to strengthen resilience and raise growth rates.
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Physical Description:1 online resource (21 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students