Posts
The International Monetary Fund has
re-reiterated the Zambian economy’s vulnerability to the global copper prices
volatility.
The IMF has further proposed affirmative
policy and other measures to hedge the country against another copper crisis,
similar to the one in the 1970s, which partly accounted for the beginning of
Zambia’s economic woes.
The proposal follows the IMF executive
board’s recent 2012 consultations with Zambia.
The
board has therefore concluded that though the Zambian economic forecast is
positive, timely policy measures are needed to avoid the country heavily
suffering the effects of the copper prices volatility.
Among the measures indicated are the
prioritising of expenditure on economic growth activities and the strengthening
of the tax administration.
Meanwhile, the IMF has also forecast a 7.7
per cent economic growth for Zambia this year, as well as a slowed down inflation
rate of 6 per cent by year-end.
No comments:
Post a Comment