Zambia : Staff Report for the 2012 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/200

IMF Staff Country Reports

Language:

English

Subjects (All):

Monetary policy--Zambia.

Monetary policy.

Zambia--Economic conditions.

Zambia.

Physical Description:

1 online resource (76 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

Despite Zambia's continued battle with poverty, the authorities have maintained sustained growth and macroeconomic stability during the past decade. 2011 showed robust GDP growth supported by agricultural activities and strong bank credit. But the Executive Board expressed concern over the risks arising from the volatility of copper prices and the delay in implementing measures required to meet the 2012 budget deficit target. Directors recommended strengthening the tax administration and reducing subsidies and incentives for achieving the fiscal targets.

Contents:

""Cover""; ""CONTENTS""; ""BACKGROUND""; ""RECENT DEVELOPMENTS AND OUTLOOK""; ""PROMOTING INCLUSIVE GROWTH AND REDUCING VULNERABILITIES""; ""A. Creating Fiscal Space""; ""B. Structural Reforms for Improved Fiscal Management""; ""C. Enhancing Monetary Policy Formulation and Implementation to Anchor Stability""; ""D. Exchange Rate Policy and Building International Reserves""; ""E. Promoting Financial Sector Development to Support Growth""; ""F. Boosting Competitiveness and Inclusive Growth through Structural Reforms""; ""STAFF APPRAISAL""; ""TABLES""

""1. Selected Economic Indicators, 2009�16""""2. Fiscal Operations of the Central Government, 2010�16 (Billions of Kwacha)""; ""3. Fiscal Operations of the Central Government, 2010�16 (Percent of GDP)""; ""4. Integrated Balance Sheet of the Central Government, 2009�11""; ""5. Monetary Account, 2010�16""; ""6. Balance of Payments, 2010�16""; ""7. Financial Soundness Indicators, 2006�11""; ""8. Millennium Development Goals, 2000�10""; ""FIGURES""; ""1. Recent Performance, Achievements, and Challenges""

""2. The Exchange Rate, Foreign Portfolio Investments, and Spreads, 2007�12""""3. Fiscal Developments, 2008�11""; ""4. Medium-Term Outlook, 2008�16""; ""5. Alternative Macroeconomic Scenarios""; ""6. Mining Tax Revenues""; ""7. Equilibrium Real Effective Exchange Rate""; ""8. Developments in the Financial Sector, 2003�11""; ""ANNEXES""; ""I. Revenue Mobilization and Growth Friendly Tax Reforms in Zambia""; ""II. Mining Revenues and the Mining Fiscal Regime in Zambia""; ""III. Optimal Level of International Reserves for Zambia""; ""IV. External Stability Analysis""

""V. Challenges to Financial Services in Zambia""""ZAMBIA: STAFF REPORT FOR THE 2012 ARTICLE IV CONSULTATION�DEBT SUSTAINABILITY ANALYSIS""; ""BACKGROUND""; ""UNDERLYING DSA ASSUMPTIONS""; ""EXTERNAL DEBT SUSTAINABILITY""; ""PUBLIC DEBT SUSTAINABILITY""; ""CONCLUSIONS""; ""Tables""; ""Table 1.: External Debt Sustainability Framework, Baseline Scenario, 2009-2032 1/""; ""Table 2. Zambia: Public Sector Debt Sustainability Framework Baseline Scenario, 2009�32""; ""Table 3. Zambia: Sensitivity Analysis for Key Indicators of Public and Publicly Guaranteed External Debt, 2012�32""

""Table 4. Zambia: Sensitivity Analysis for Key Indicators of Public Debt, 2012�32""""Box""; ""Box 1: Baseline Macroeconomic Assumptions""; ""Figures""; ""Figure 1. Zambia: Indicators of Public and Publicly Guaranteed External Debt under Alternatives Scenarios, 2012-2032 1/""; ""Figure 2. Zambia: Indicators of Public Debt Under Alternative Scenarios, 2012-2032 1/""; ""CONTENTS""; ""RELATIONS WITH THE FUND""; ""JOINT WORLD BANK-FUND WORK PROGRAM, 2011�12""; ""STATISTICAL ISSUES""; ""IMF Executive Board Concludes 2012 Article IV Consultation with Zambia""; ""Background""

""Executive Board Assessment""

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475587135

1475587139

9781475521535

1475521537

9781299264311

129926431X

9781475591071

1475591071