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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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2006. "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; an," IMF Staff Country Reports 2006/263, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2006/263
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    Cited by:

    1. John Weeks, 2008. "The Reduction of Fiscal Space in Zambia—Dutch Disease and Tight-Money Conditionalities," Research Report 14, International Policy Centre for Inclusive Growth.

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