Zambia: Selected Issues and Statistical Appendix

International Monetary Fund

No 2004/160, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes sources of growth in Zambia. It assesses domestic debt dynamics and expenditure composition under two scenarios: first, the execution of the fiscal adjustment envisaged in the 2004 budget and in the medium-term framework; and second, the continuation of recent trends. The paper assesses movements in the external value of the kwacha using a number of different approaches. It also looks at developments in the real exchange rate and in differentials in rates of return on financial assets in Zambia and key financial centers.

Keywords: ISCR; CR; GDP; interest payment; expenditure; poverty-reducing spending; policy reform; net rate of return; B. growth accounting; growth-accounting exercise; Debt service; Interest payments; Real interest rates; Domestic debt; Exchange rates; Africa; Southern Africa; East Africa (search for similar items in EconPapers)
Pages: 52
Date: 2004-07-21
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Citations: View citations in EconPapers (2)

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