European Parliament Library

Zambia :, Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria, and Financing Assurances Review

Zambia showed strong economic performance with robust growth and moderating inflation under the Extended Credit Facility (ECF). It showed sound macroeconomic policies and progress in structural reforms. The Zambian authorities consider their main challenge to create fiscal space for priority spending, enhance economic diversification, and reduce poverty. The strengthening of debt management and project appraisal capacity are critical in this regard. To meet the financing needs for addressing growth-critical infrastructural requirements, the Zambian authorities requested a waiver for the nonobservance of a performance criterion on nonconcessional external debt
Table Of Contents
Cover; Contents; Executive Summary; I. Background and Program Performance; A. Strong Growth and Moderating Inflation; Figures; 1. Balance of Payments Developments, 2005-10; 2. Fiscal Developments, 2004-10; 3. Monetary Developments, January 2007-September 2010; B. Program Performance; II. Policy Discussions; A. Fiscal Policy; B. Monetary Policy; Box; 1. Maize Market Interventions; C. Infrastructure Financing; D. Other; III. Program Monitoring and Modification of Performance Criteria; IV. Staff Appraisal; Tables; 1. Selected Economic Indicators; 2. Fiscal Operations of the Central Government
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (73 p.)
Specific Material Designation
Form Of Item

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