An updated debt sustainability analysis (DSA) is prepared using the revised Low-income Countries Debt Sustainability Framework (LIC DSF) to assess Zambia's current debt situation. Debt burden indicators have deteriorated considerably since the October 2017 DSA mainly on account of large fiscal...

Zambia’s 2005 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility are discussed. Expenditure restraint, including on the wage bill, has helped to put the fiscal operations of the government on a sustainable course and contributed to the attainment of the...

The staff report for the Fifth and Sixth Reviews Under the Poverty Reduction and Growth Facility Arrangement discusses Zambia’s strong macroeconomic performance and budget execution. High copper prices and extensive debt relief helped to strengthen Zambia’s external position and allowed it...

Zambia’s strong performance continues under the Extended Credit Facility-supported program. All but one of the quantitative performance criteria were met, and structural reforms are progressing. In the aftermath of exchange rate and copper price fluctuations, the financial sector’s recovery...

This paper examines Zambia’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Through end-March, most of the key quantitative benchmarks and six of the eight structural benchmarks under the Staff-Monitored Program (SMP) were observed. The...

This paper examines Zambia’s 2003 Article IV Consultation and Ex Post Assessment of Performance Under IMF-Supported Programs. Zambia’s economic performance has improved significantly in the last four years. After more than two decades of economic decline and inflation averaging more than 50...

This paper reviews Zambia’s First Poverty Reduction Strategy Paper (PRSP) Implementation Progress Report covering January 2002–June 2003. The report describes the first one and half years of the implementation of the PRSP in four strategic areas, namely economic and social sectors,...

This 2009 Article IV Consultation highlights that the Zambian economy has performed well in recent years and showed some resilience to the recent global recession. Growth in 2009 is now projected at 5.3 percent, in line with the average for recent years, as the slowdown in the tertiary sector...

This Joint Staff Advisory Note (JSAN) focuses on the Second Annual Progress Report for Zambia’s Poverty Reduction Strategy Paper (PRSP). The government’s strategy to reduce poverty focuses on promoting economic growth through macroeconomic stabilization and diversification and improving the...

The report provides details of IMF estimates on basic indicators, GDP by sector of origin at constant and current prices, index of industrial production, marketed production of selected crops, annual average and monthly composite index of consumer prices, fuel prices and mineral production...