Zambia: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 029

Publication date: January 2008

ISBN: 9781451841329

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Public Finance , ISCR , CR , Zambia , government , ZESCO , inflation model , nonfood inflation , looming power crisis , concentration ratio , money gap , reserve-to-short-term debt ratio , inflation development , Electricity , Inflation , Fiscal space , Sub-Saharan Africa , Africa , Southern Africa

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Summary

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.