Zambia: Staff Report for the 2012 Article IV Consultation

International Monetary Fund

No 2012/200, IMF Staff Country Reports from International Monetary Fund

Abstract: Despite Zambia's continued battle with poverty, the authorities have maintained sustained growth and macroeconomic stability during the past decade. 2011 showed robust GDP growth supported by agricultural activities and strong bank credit. But the Executive Board expressed concern over the risks arising from the volatility of copper prices and the delay in implementing measures required to meet the 2012 budget deficit target. Directors recommended strengthening the tax administration and reducing subsidies and incentives for achieving the fiscal targets.

Keywords: ISCR; CR; real GDP; monetary policy; current account; debt; monetary policy stance; policy reversal; policy stance; debt management; Government debt management; Budget planning and preparation; Global; monetary policy objective; monetary policy formulation; inflation expectation; article IV of the IMF's article; Public and publicly-guaranteed external debt (search for similar items in EconPapers)
Pages: 75
Date: 2012-07-26
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