Arab Today, arab today imfzambia\s economy impressive
Last Updated : GMT 01:30:09
Arab Today, arab today
Arab Today, arab today

IMF : Zambia\'s economy impressive

Arab Today, arab today

Arab Today, arab today IMF : Zambia\'s economy impressive

Washington - Arabstoday

An International Monetary Fund (IMF) team in Zambia to review its economic development and prospects has finished its task with a declaration that the southern African nation\'s economy looks impressive despite the gloomy world economic outlook, a statement released Tuesday said. The IMF team led by its Chief of Mission John Wakeman-Linn was in Zambia between Oct. 25 and Nov. 5 in which it held discussions with senior government officials and representatives from the private sector. According toe IMF Chief of Mission the Zambian economy has so far performed well with real GDP likely to be around 7.3 percent, which he said is impressive in the current uncertain global economic environment. The IMF chief has however indicated that inflation is likely to exceed this year\'s target of seven percent due to a rise in food prices but indicated that the inflation rate has so far been under control. Currently, the country\'s inflation rate stands at 6.8 percent. \"The mission welcomes the fact that the budget deficit for 2012 is likely to be close to the targeted level of 4.1 percent of GDP. Revenue performance has been better than expected, a result of improved revenue administration,\" he added. But the IMF chief expressed concern that total expenditures were larger than budgeted with spending overruns on wages and goods and services partially offset by a shortfall in capital expenditure. The IMF has also projected that Zambia\'s economy for 2013 looks good and projected that the economy is likely to grow by eight percent while inflation will be around six percent. But the IMF has advised the government to keep salaries of public workers in line with the budget, adding that further increases in wages beyond what has been budgeted would make it difficult to finance projects. \"There are near-term downside risks for the Zambian economy, arising from the uncertain prospects for the global economy. While the Zambian economy has fared well so far, further deterioration in global economic conditions could squeeze trade deficit lines, reduce demand for Zambian exports and lower copper prices,\" he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imfzambia\s economy impressive Arab Today, arab today imfzambia\s economy impressive

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday