The visiting team is expected to meet Government authorities, the Bank of Zambia, development partners, the private sector, civil society and think tank organizations.
The visit by the IMF team is at the invitation of the Zambian Government earlier this quarter and the meetings will be held from 11th to 20th November, 2015.
This is contained in a treasury statement released to the media.
Below Is the full statement
For Immediate Release
IMF TEAM IN ZAMBIA FOR ECONOMIC DISCUSSIONS
Lusaka, Wednesday, 11th November, 2015. A team from the International Monetary Fund (IMF) is in the country on a staff mission for discussions on the economy with Government authorities, the Bank of Zambia, development partners, the private sector, civil society and think tank organizations. The visit is at the invitation extended by of the Zambian Government earlier this quarter and will be held from 11th to 20th November, 2015.
At the start of the consultative meetings with the IMF, the Secretary to the Treasury, Fredson Yamba said, “the coming of the IMF team to Zambia would not have been a more appropriate and opportune time than now, not only as we close the year 2015 and reflect on policies going forward, but at a time when Zambia, like most emerging markets is facing economic challenges.”
The IMF team led by the Mission Chief to Zambia, Tsidi Tsikita, comprises officials who specialize in real, fiscal, monetary and external economic matters.
The core issues that will form part of the discussions will be:
1) Macroeconomic performance in 2015 and the medium term outlook;
2) Fiscal developments in 2015 and the outlook;
3) Debt and debt sustainability issues;
4) Monetary policy developments; and
5) External sector developments
The discussions will also be on future relations between the government and the IMF. The outcome of the deliberations will culminate in the definition of practical measures to the challenges facing the country.
To this end, Mr. Yamba said ”Government is fully committed to fiscal consolidation and maintaining strong, steady and inclusive growth through ensuring a stable policy environment and delivering of supportive infrastructure for the development of the private sector, which is the back-bone of our economic prosperity going forward.“
Ministry of Finance