Zambia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia

International Monetary Fund

No 2008/187, IMF Staff Country Reports from International Monetary Fund

Abstract: The fiscal stance has been more expansionary in 2008, but there should be no need for net domestic financing. The new fiscal regime for mining increases the average effective tax rate from a level that was significantly below that of other mining countries. The monetary program aims to reduce annual inflation to 7 percent in 2008. The authorities intend to address the challenge of coordinating fiscal and monetary policies to enable the Bank of Zambia (BoZ) to improve liquidity management. Structural policies will complement the medium-term macroeconomic framework.

Keywords: ISCR; CR; authority; price; nonfood price inflation; PRGF loan; oil price assumption; Zambian authorities; PRGF arrangement; Mining sector; International reserves; Oil prices; Global; Southern Africa (search for similar items in EconPapers)
Pages: 79
Date: 2008-06-17
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=22059 (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:2008/187

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 ().