01809cas a2200241 a 4500 AALejournalIMF018026 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484325377 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Zambia : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (63 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper assesses the sustainability of Zambia's current fiscal policies and public debt. Large fiscal imbalances and rapid increase in government debt since 2011 have raised concern about the sustainability of fiscal policies in Zambia. Fueled by the rapid exchange rate depreciation in 2014-15 and the heavy reliance on external sources to finance the growing fiscal imbalances, public external debt doubled in 2015 compared with 2014. The institutional framework for the budget process and the Medium-Term Expenditure Framework need to be strengthened. Poor commitment controls, which led to significant accumulation of payment arrears, need to be addressed. A sound Medium-Term Debt Management Strategy is required to reduce public sector debt vulnerability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/328 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/328/002.2017.issue-328-en.xml IMF e-Library