Zambia: Selected Issues

International Monetary Fund

No 2008/029, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper analyzes the efforts taken to create fiscal space for the implementation of the fifth national development plan and the risk associated with it, examines the role of monetary policy in determining inflation, and discusses policy options to achieve low inflation. It also identifies areas where reform strategy needs more attention and suggests that reforms of financial system regulation need to be accelerated to ensure stability of the system. It analyzes traditional reserve adequacy measures, and finds looming power crisis as an obstacle to growth.

Keywords: ISCR; CR; Zambia; government; ZESCO; inflation model; nonfood inflation; looming power crisis; concentration ratio; money gap; reserve-to-short-term debt ratio; inflation development; Electricity; Inflation; Fiscal space; Sub-Saharan Africa; Africa; Southern Africa (search for similar items in EconPapers)
Pages: 60
Date: 2008-01-24
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21628 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2008/029

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().