Cover IMF Staff Country Reports
Zambia: Fourth Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; and Press Release on the Executive Board Consideration
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 263
Language:
English
Publication Date:
19 Jul 2006
DOI:
https://doi.org/10.5089/9781451841299.002
ISBN:
9781451841299
ISSN:
1934-7685
Pages:
73
Keywords:
ISCR; CR; PRGF arrangement; PRGF loan; PRGF-supported program; debt service; broad money; U.S. dollar; Monetary base; Debt relief; Sub-Saharan Africa; Global
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Zambia has achieved robust economic growth over the years, and poverty has begun to trend downward under the Poverty Reduction and Growth Facility Arrangement. Prudent fiscal policy has reduced the domestic financing need and facilitated the implementation of a firmer monetary policy. Executive Directors agreed that the relief under the economic program and the Multilateral Debt Relief Initiative has reduced its external debt, and its economic fundamentals have helped in gaining market confidence. They advised the authorities to maintain macroeconomic stabilization and stressed the need to accelerate structural reform.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund