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Zambia :, Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Zambia

Zambia’s strong economic performance continues under the Extended Credit Facility arrangement. With a broadly unchanged macroeconomic outlook, the medium-term policy stance remains appropriate, but vigilance is warranted. The strengthening economy provides an opportunity for more rapid poverty reduction and employment creation. The fiscal program remains appropriate. As the government moves to tap the sovereign bond market, it will be important to strengthen debt and liquidity management capacity. Reforming the pricing and marketing system for maize remains critical. Executive Directors support the Bank of Zambia (BoZ)’s monetary policy tightening
Table Of Contents
Cover; Contents; Executive Summary; I. Background: Continued Strong Performance under the ECF; A. Recent Developments: Strong Growth and Moderate Inflation; Figures; 1. Monetary and Credit Developments, January 2009-March 2011; 2. Fiscal Developments, 2005-10; 3. Balance of Payments Developments; B. Program Performance; II. Outlook and Policy Discussions; A. Economic Outlook: Promoting Poverty-Reducing Growth; B. Policy Discussions: Unwinding the Fiscal and Monetary Easing; Box; 1. The Zambian Financial Sector; III. Staff Appraisal; Tables; 1. Selected Economic Indicators
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (54 p.)
Specific Material Designation
Form Of Item

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