Zambia: Selected Issues and Statistical Appendix

Volume/Issue: Volume 2004 Issue 160

Publication date: July 2004

ISBN: 9781451841206

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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.

Banks and Banking , Exports and Imports , Public Finance , ISCR , CR , GDP , interest payment , expenditure , poverty-reducing spending , policy reform , net rate of return , B , growth accounting , growth-accounting exercise , Debt service , Interest payments , Real interest rates , Domestic debt , Exchange rates , Africa , Southern Africa , East Africa

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Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

This Selected Issues paper analyzes sources of growth in Zambia. It assesses domestic debt dynamics and expenditure composition under two scenarios: first, the execution of the fiscal adjustment envisaged in the 2004 budget and in the medium-term framework; and second, the continuation of recent trends. The paper assesses movements in the external value of the kwacha using a number of different approaches. It also looks at developments in the real exchange rate and in differentials in rates of return on financial assets in Zambia and key financial centers.