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

International Monetary Fund

No 2017/327, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights the improved near-term outlook for the Zambian economy in recent months, driven by good rains and 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 and lax fiscal policy in the lead-up to general elections. The medium-term outlook for the economy is contingent on policies. Achieving sustained high and inclusive growth requires a stable macroeconomic environment as well as policies and reforms to increase productivity, enhance competitiveness, strengthen human capital and support financial inclusion for small and medium-scale enterprises.

Keywords: ISCR; CR; debt; authority; GDP; Zambian authorities; Medium-Term debt management strategy; expenditure overrun; government ministry; financing constraint; creating flow; Public and publicly-guaranteed external debt; Debt sustainability analysis; Fiscal stance; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 94
Date: 2017-10-25
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