Zambia's Economic Position

This research provides an economic profile of Zambia. The profile is developed within the contexts of the current economic position of the country, the banking and credit structure in Zambia, the country's external debt position, Zambia's import-export structure, and the comparative economic position of the country in relation to other economies in the Southern African region.

For a commodity-based country such as Zambia, policy measures to enhance the efficiency of the agricultural sector is critical for the future. The generally weak outlook for real commodity prices over the long-term make the implementation of policies to increase productivity in agriculture essential. Zambia has recognized the importance of relaxing price controls in agriculture, as well as the importance of liberalizing the marketing and distribution of agricultural products.

The need to divert both earned and donor-provided foreign exchange to the import of food grains slow the revitalization of the Zambian economy in the first-half of the 1990s. Activities required for the revitalization of the Zambian economy included the privatization of enterprises, and the implementation of new IMF/World Bank agreements. The Zambian government is emphatic in its commitment to a market economy.

The policies Zambia is being asked by the IMF and World Bank to reject in the 1990s are the same policies recommended by the IMF durin

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Category: Economics - Z