Zambia : First and Second Reviews of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Nonobservance of Performance Criteria, and Augmentation of Access: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director of Zambia

1ZMBEA2009001 Image
Price:  $18.00

Release Date: © June, 2009
ISBN : 978-1-45184-136-7
Stock #: 1ZMBEA2009001
English
Stock Status: On back-order

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Description

Zambia’s nonperforming loans are expected to increase and banks have become more cautious in their lending. The staff report for the Zambia’s first and second reviews of the Three-Year Arrangement under the Poverty Reduction and Growth Facility and request for Waivers of Nonobservance of Performance Criteria, and Augmentation of Access is examined. The slowdown in external demand and uncertainty about the global outlook have negatively affected growth prospects and the balance of payments, and made the program targets for reserve accumulation unattainable.

Taxonomy

Economic policy , Economic sectors , Fiscal policy , Mining sector , Monetary policy




More publications in this series: IMF Staff Country Reports