Zambia: 2009 Article IV Consultation, Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Modification of Performance Criteria: Staff Report; Staff Supplement: Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia

International Monetary Fund

No 2010/017, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2009 Article IV Consultation highlights that the Zambian economy has performed well in recent years and showed some resilience to the recent global recession. Growth in 2009 is now projected at 5.3 percent, in line with the average for recent years, as the slowdown in the tertiary sector was compensated by a significant increase in copper production and a bumper crop. Executive Directors have commended the Zambian authorities for their prudent macroeconomic management, observing that the Zambian economy has proven resilient to the global economic crisis.

Keywords: ISCR; CR; SDR; government spending efficiency; spending; contraction; digit inflation; disbursement of an amount equivalent; floating exchange rate regime; risk of debt distress; Exchange rates; Monetary base; Budget planning and preparation; Global (search for similar items in EconPapers)
Pages: 80
Date: 2010-01-15
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