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Zambia: Selected Issues

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  • International Monetary Fund

Abstract

This paper analyzes the efforts taken to create fiscal space for the implementation of the fifth national development plan and the risk associated with it, examines the role of monetary policy in determining inflation, and discusses policy options to achieve low inflation. It also identifies areas where reform strategy needs more attention and suggests that reforms of financial system regulation need to be accelerated to ensure stability of the system. It analyzes traditional reserve adequacy measures, and finds looming power crisis as an obstacle to growth.

Suggested Citation

  • International Monetary Fund, 2008. "Zambia: Selected Issues," IMF Staff Country Reports 2008/029, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/029
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    References listed on IDEAS

    as
    1. Joshua Aizenman & Jaewoo Lee, 2007. "International Reserves: Precautionary Versus Mercantilist Views, Theory and Evidence," Open Economies Review, Springer, vol. 18(2), pages 191-214, April.
    2. Mr. Romain Ranciere & Mr. Olivier D Jeanne, 2006. "The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications," IMF Working Papers 2006/229, International Monetary Fund.
    3. Mr. Joshua Aizenman & Mr. Jaewoo Lee, 2005. "International Reserves: Precautionary vs. Mercantilist Views, Theory and Evidence," IMF Working Papers 2005/198, International Monetary Fund.
    4. Olivier Jeanne, 2007. "International Reserves in Emerging Market Countries: Too Much of a Good Thing?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 38(1), pages 1-80.
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    Cited by:

    1. Fessehaie, Judith, 2012. "What determines the breadth and depth of Zambia's backward linkages to copper mining? The role of public policy and value chain dynamics," Resources Policy, Elsevier, vol. 37(4), pages 443-451.
    2. Evans Mubanga, 2022. "Evaluating the Relationship Between Taxation and Economic Growth in Zambia," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(6), pages 1-22, June.

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