Zambia Country Economic Memorandum
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Zambia Country Economic Memorandum Economic Reforms And Development Prospects
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Author :
language : en
Publisher:
Release Date : 1986
Zambia Country Economic Memorandum Economic Reforms And Development Prospects written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Economic forecasting categories.
Zambia Country Economic Memorandum
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Author : Weltbank
language : en
Publisher:
Release Date : 2013
Zambia Country Economic Memorandum written by Weltbank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
In October 1991 Zambia moved to a multiparty democratic system. In the following years, the government implemented a number of policy and structural reforms, liberalizing exchange and interest rates, simplifying the tariff structure, and removing quantitative restrictions on trade, privatizing most state-owned enterprises, and substantially withdrawing from the agriculture sector. Despite these reforms, economic growth has remained lackluster, and poverty and social conditions have worsened. There are however, hopeful signs that increased growth and poverty reduction are within reach in Zambia. The country's economy has long been tied to the copper industry, whose purchasing power has been in decline for decades. But declining copper prices were not the only reasons Zambia's economic performance declined between 1991 and 2002. Excluding the one-time disruption in real sector activity in 1994-95, real GDP grew at an average annual rate of 3 percent during 1991-2002. The report argues that estimates puts its annual long-term growth potential at about 5 percent, implying per capita income growth of 2.5-3.0 percent a year, and, the reason why its potential is not being achieved, lies in several key problems, namely macroeconomic mismanagement, lack of ownership of reform and poor policy implementation, a weak investment climate, lack of good governance, and, the HIV/AIDS pandemic. And further asserts that central to the lack of macroeconomic stability - in particular to the high inflation and real interest rate - is the lack of fiscal control and commitment to fiscal discipline. Zambia's large external and rising domestic debt, combined with budgetary dependence on external financing, has constrained the government's ability to exert monetary control to achieve macroeconomic stability. The financial sector must become more efficient and capable of supporting private investment and growth. Key institutional and policy issues for immediate attention are creating a mechanism to resolve the debt of failed banks and state-owned non-bank financial institutions; upgrading the human and technological resources of financial system regulators and supervisors; improving access to financial services, in particular rural financial services; and, investing in financial system infrastructure to improve market data, and accounting and auditing standards. The report expands on the country's opportunities in the mining sector, particularly copper, but also on its rich reserves ...
Zambia
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Author : World Bank
language : en
Publisher:
Release Date : 1981
Zambia written by World Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with categories.
Zambia Country Economic Memorandum
DOWNLOAD
Author : Weltbank
language : en
Publisher:
Release Date : 2013
Zambia Country Economic Memorandum written by Weltbank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
In October 1991 Zambia moved to a multiparty democratic system. In the following years, the government implemented a number of policy and structural reforms, liberalizing exchange and interest rates, simplifying the tariff structure, and removing quantitative restrictions on trade, privatizing most state-owned enterprises, and substantially withdrawing from the agriculture sector. Despite these reforms, economic growth has remained lackluster, and poverty and social conditions have worsened. There are however, hopeful signs that increased growth and poverty reduction are within reach in Zambia. The country's economy has long been tied to the copper industry, whose purchasing power has been in decline for decades. But declining copper prices were not the only reasons Zambia's economic performance declined between 1991 and 2002. Excluding the one-time disruption in real sector activity in 1994-95, real GDP grew at an average annual rate of 3 percent during 1991-2002. The report argues that estimates puts its annual long-term growth potential at about 5 percent, implying per capita income growth of 2.5-3.0 percent a year, and, the reason why its potential is not being achieved, lies in several key problems, namely macroeconomic mismanagement, lack of ownership of reform and poor policy implementation, a weak investment climate, lack of good governance, and, the HIV/AIDS pandemic. And further asserts that central to the lack of macroeconomic stability - in particular to the high inflation and real interest rate - is the lack of fiscal control and commitment to fiscal discipline. Zambia's large external and rising domestic debt, combined with budgetary dependence on external financing, has constrained the government's ability to exert monetary control to achieve macroeconomic stability. The financial sector must become more efficient and capable of supporting private investment and growth. Key institutional and policy issues for immediate attention are creating a mechanism to resolve the debt of failed banks and state-owned non-bank financial institutions; upgrading the human and technological resources of financial system regulators and supervisors; improving access to financial services, in particular rural financial services; and, investing in financial system infrastructure to improve market data, and accounting and auditing standards. The report expands on the country's opportunities in the mining sector, particularly copper, but also on its rich reserves ...
Zambia
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Author : World Bank
language : en
Publisher:
Release Date : 1981
Zambia written by World Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with categories.
Zambia Country Economic Memorandum Issues And Options For Economic Diversification
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Author : Peter Hansen
language : en
Publisher:
Release Date : 1984
Zambia Country Economic Memorandum Issues And Options For Economic Diversification written by Peter Hansen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Economic policy categories.
World Bank pub. Mission report on economic conditions and economic growth trends, with economic development recommendations, in Zambia - reviews balance of payments, public finance, administrative reform, economic reform, mining, agricultural development, industrial development (manufacturing), energy, infrastructure, etc. Map, statistical tables. Restricted.
Zambia Country Economic Memorandum
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Author :
language : en
Publisher:
Release Date : 2004
Zambia Country Economic Memorandum written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Electronic book categories.
Zambia Country Economic Memorandum
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Author :
language : en
Publisher:
Release Date : 2004
Zambia Country Economic Memorandum written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Electronic book categories.
Republic Of Zambia Economic Memorandum
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Author :
language : en
Publisher:
Release Date : 1983*
Republic Of Zambia Economic Memorandum written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983* with Zambia categories.
A Poverty And Social Impact Analysis Of Three Reforms In Zambia
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Author : Steen Jorgensen
language : en
Publisher:
Release Date : 2005
A Poverty And Social Impact Analysis Of Three Reforms In Zambia written by Steen Jorgensen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Economic assistance categories.