Zambia Economic Brief, June 2016, Issue 7 : Beating the Slowdown--Making Every Kwacha Count
The external environment confronting Sub-Saharan Africa (SSA) is expected to remain difficult in the near term. Commodity prices are expected to remain low, and in 2016, growth in the region isforecast to drop to 2.5 percent from 3.0 percent in 201...
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World Bank, Lusaka
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/06/26511061/zambia-economic-brief-beating-slowdown-making-every-kwacha-count http://hdl.handle.net/10986/24661 |
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okr-10986-246612021-05-25T08:49:43Z Zambia Economic Brief, June 2016, Issue 7 : Beating the Slowdown--Making Every Kwacha Count World Bank Group AUCTION TARIFFS MONETARY POLICY DEFICIT DURABLE GOODS FOREIGN DEBT STOCK FISCAL DEFICITS INTEREST FOREIGN EXCHANGE MARKET FOREIGN CURRENCY RISK GOVERNMENT SPENDING EXCHANGE GOVERNMENT REGULATION BALANCE OF PAYMENTS ECONOMIC DEVELOPMENTS INTERNATIONAL BOND MARKET LIQUIDITY DEVELOPING COUNTRIES DOMESTIC MARKET DOMESTIC DEBT MARKET EXPORTERS REVENUES FISCAL POLICY BONDS TAX CASH TRANSFER INCOME TAX LONG-TERM INVESTMENT FOREIGN EXCHANGE MARKETS RESERVE MARKET ACCESS CENTRAL BANKS INTERNATIONAL BANK INFLATION DEBT BURDENS DEBT BURDEN DEBT INTEREST CREDIBILITY EMERGING MARKET ECONOMIES BUDGET CENTRAL BANK POLICY RESPONSE TRADE BALANCE OIL PRICES FINANCIAL SUSTAINABILITY AGRICULTURAL COMMODITIES CURRENCY POLICY RESPONSES DISBURSEMENT COMMERCIAL BANK INCOME GROWTH INFLATIONARY PRESSURES BOND ISSUANCE FOREIGN CURRENCY RISKS TRADING OPTIONS INTERNATIONAL BOND INTEREST RATES MONETARY FUND CURRENCY DEPRECIATIONS FLEXIBLE EXCHANGE RATE SOVEREIGN BOND EMERGING MARKET MARKETS DEBT PRIVATE INVESTMENT RETURN INTERNATIONAL DEVELOPMENT INFLATION RATE DEFICITS INTERNATIONAL DEBT BANK LIQUIDITY DOMESTIC DEBT DIRECT INVESTMENT BORROWING COSTS DEBT SERVICE GROSS DOMESTIC PRODUCT CASH TRANSFERS MONETARY AUTHORITIES COMMODITY PRICE FINANCE FIXED INTEREST RATES FOREIGN CURRENCY PUBLIC INVESTMENT MARKET ECONOMIES MACROECONOMIC STABILIZATION CURRENT ACCOUNT DEFICITS TAXES PRICE CHANGE FISCAL DEFICIT EXPENDITURE DEBT LEVELS EMERGING MARKETS INCOME TAXES INVESTORS CURRENCY RISKS FEDERAL RESERVE INTEREST PAYMENTS GOOD FIXED INTEREST TRANSPARENCY BOND AUCTION MARKET DATA FINANCIAL CRISIS FUTURE FOREIGN DIRECT INVESTMENT GOVERNMENT SUBSIDY PURCHASING POWER INVESTOR CONFIDENCE GOVERNMENT EXPENDITURE INVESTMENT PROJECTS BOND MARKET REPAYMENT EXPENDITURES ISSUANCE PRIVATE PARTIES T-BILL SHARES BALANCE SHEET T-BILL RATE MARKET FOREIGN EXCHANGE DEBT RATIOS PUBLIC DEBT MARKET CONFIDENCE CURRENCIES GOVERNMENT POLICIES DEBT MARKETS ARREARS ACCUMULATION DEBT MARKET INVESTOR GOODS GOVERNMENT SUBSIDIES DURABLE STOCKS INVESTMENT BOND EUROBOND COMMERCIAL BANKS SHARE POVERTY INTEREST COSTS TARIFF CURRENCY RISK REVENUE INTERNATIONAL DEBT MARKETS EXTERNAL DEBT INVESTMENTS FINANCIAL SUPPORT LENDING PUBLIC SECTOR DEBT CREDIT GROWTH EXCHANGE RATE GOVERNMENT INVESTMENT DEBT SERVICING COMPETITIVE BIDDING COMMODITY PRICES ARREARS INTERNATIONAL INVESTORS EXTERNAL BORROWING TAX OBLIGATIONS The external environment confronting Sub-Saharan Africa (SSA) is expected to remain difficult in the near term. Commodity prices are expected to remain low, and in 2016, growth in the region isforecast to drop to 2.5 percent from 3.0 percent in 2015 (World Bank forecast). There is considerable variation in economic performance across countries, with the slowdown concentrated among the region's largest commodity exporters. Growing economic vulnerabilities, amid weakened policy buffers, continue to pose challenges for policy makers. The balance of risks to the outlook remains tilted to the downside. The global risks include: (i) a sharper than expected slowdown in China (as the country rebalances growth toward consumption and services), (ii) a further decline in commodity prices, and (iii) tighter global financing conditions that would result in higher borrowing costs and reduced sovereign bond access for emerging and frontier countries. On the domestic front, delays in adjustment to external shocks in affected countries would create policy uncertainties that could weigh on investor sentiment and weaken the recovery. 2016-07-12T16:06:13Z 2016-07-12T16:06:13Z 2016-06-01 Report http://documents.worldbank.org/curated/en/2016/06/26511061/zambia-economic-brief-beating-slowdown-making-every-kwacha-count http://hdl.handle.net/10986/24661 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Lusaka Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Zambia |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
AUCTION TARIFFS MONETARY POLICY DEFICIT DURABLE GOODS FOREIGN DEBT STOCK FISCAL DEFICITS INTEREST FOREIGN EXCHANGE MARKET FOREIGN CURRENCY RISK GOVERNMENT SPENDING EXCHANGE GOVERNMENT REGULATION BALANCE OF PAYMENTS ECONOMIC DEVELOPMENTS INTERNATIONAL BOND MARKET LIQUIDITY DEVELOPING COUNTRIES DOMESTIC MARKET DOMESTIC DEBT MARKET EXPORTERS REVENUES FISCAL POLICY BONDS TAX CASH TRANSFER INCOME TAX LONG-TERM INVESTMENT FOREIGN EXCHANGE MARKETS RESERVE MARKET ACCESS CENTRAL BANKS INTERNATIONAL BANK INFLATION DEBT BURDENS DEBT BURDEN DEBT INTEREST CREDIBILITY EMERGING MARKET ECONOMIES BUDGET CENTRAL BANK POLICY RESPONSE TRADE BALANCE OIL PRICES FINANCIAL SUSTAINABILITY AGRICULTURAL COMMODITIES CURRENCY POLICY RESPONSES DISBURSEMENT COMMERCIAL BANK INCOME GROWTH INFLATIONARY PRESSURES BOND ISSUANCE FOREIGN CURRENCY RISKS TRADING OPTIONS INTERNATIONAL BOND INTEREST RATES MONETARY FUND CURRENCY DEPRECIATIONS FLEXIBLE EXCHANGE RATE SOVEREIGN BOND EMERGING MARKET MARKETS DEBT PRIVATE INVESTMENT RETURN INTERNATIONAL DEVELOPMENT INFLATION RATE DEFICITS INTERNATIONAL DEBT BANK LIQUIDITY DOMESTIC DEBT DIRECT INVESTMENT BORROWING COSTS DEBT SERVICE GROSS DOMESTIC PRODUCT CASH TRANSFERS MONETARY AUTHORITIES COMMODITY PRICE FINANCE FIXED INTEREST RATES FOREIGN CURRENCY PUBLIC INVESTMENT MARKET ECONOMIES MACROECONOMIC STABILIZATION CURRENT ACCOUNT DEFICITS TAXES PRICE CHANGE FISCAL DEFICIT EXPENDITURE DEBT LEVELS EMERGING MARKETS INCOME TAXES INVESTORS CURRENCY RISKS FEDERAL RESERVE INTEREST PAYMENTS GOOD FIXED INTEREST TRANSPARENCY BOND AUCTION MARKET DATA FINANCIAL CRISIS FUTURE FOREIGN DIRECT INVESTMENT GOVERNMENT SUBSIDY PURCHASING POWER INVESTOR CONFIDENCE GOVERNMENT EXPENDITURE INVESTMENT PROJECTS BOND MARKET REPAYMENT EXPENDITURES ISSUANCE PRIVATE PARTIES T-BILL SHARES BALANCE SHEET T-BILL RATE MARKET FOREIGN EXCHANGE DEBT RATIOS PUBLIC DEBT MARKET CONFIDENCE CURRENCIES GOVERNMENT POLICIES DEBT MARKETS ARREARS ACCUMULATION DEBT MARKET INVESTOR GOODS GOVERNMENT SUBSIDIES DURABLE STOCKS INVESTMENT BOND EUROBOND COMMERCIAL BANKS SHARE POVERTY INTEREST COSTS TARIFF CURRENCY RISK REVENUE INTERNATIONAL DEBT MARKETS EXTERNAL DEBT INVESTMENTS FINANCIAL SUPPORT LENDING PUBLIC SECTOR DEBT CREDIT GROWTH EXCHANGE RATE GOVERNMENT INVESTMENT DEBT SERVICING COMPETITIVE BIDDING COMMODITY PRICES ARREARS INTERNATIONAL INVESTORS EXTERNAL BORROWING TAX OBLIGATIONS |
| spellingShingle |
AUCTION TARIFFS MONETARY POLICY DEFICIT DURABLE GOODS FOREIGN DEBT STOCK FISCAL DEFICITS INTEREST FOREIGN EXCHANGE MARKET FOREIGN CURRENCY RISK GOVERNMENT SPENDING EXCHANGE GOVERNMENT REGULATION BALANCE OF PAYMENTS ECONOMIC DEVELOPMENTS INTERNATIONAL BOND MARKET LIQUIDITY DEVELOPING COUNTRIES DOMESTIC MARKET DOMESTIC DEBT MARKET EXPORTERS REVENUES FISCAL POLICY BONDS TAX CASH TRANSFER INCOME TAX LONG-TERM INVESTMENT FOREIGN EXCHANGE MARKETS RESERVE MARKET ACCESS CENTRAL BANKS INTERNATIONAL BANK INFLATION DEBT BURDENS DEBT BURDEN DEBT INTEREST CREDIBILITY EMERGING MARKET ECONOMIES BUDGET CENTRAL BANK POLICY RESPONSE TRADE BALANCE OIL PRICES FINANCIAL SUSTAINABILITY AGRICULTURAL COMMODITIES CURRENCY POLICY RESPONSES DISBURSEMENT COMMERCIAL BANK INCOME GROWTH INFLATIONARY PRESSURES BOND ISSUANCE FOREIGN CURRENCY RISKS TRADING OPTIONS INTERNATIONAL BOND INTEREST RATES MONETARY FUND CURRENCY DEPRECIATIONS FLEXIBLE EXCHANGE RATE SOVEREIGN BOND EMERGING MARKET MARKETS DEBT PRIVATE INVESTMENT RETURN INTERNATIONAL DEVELOPMENT INFLATION RATE DEFICITS INTERNATIONAL DEBT BANK LIQUIDITY DOMESTIC DEBT DIRECT INVESTMENT BORROWING COSTS DEBT SERVICE GROSS DOMESTIC PRODUCT CASH TRANSFERS MONETARY AUTHORITIES COMMODITY PRICE FINANCE FIXED INTEREST RATES FOREIGN CURRENCY PUBLIC INVESTMENT MARKET ECONOMIES MACROECONOMIC STABILIZATION CURRENT ACCOUNT DEFICITS TAXES PRICE CHANGE FISCAL DEFICIT EXPENDITURE DEBT LEVELS EMERGING MARKETS INCOME TAXES INVESTORS CURRENCY RISKS FEDERAL RESERVE INTEREST PAYMENTS GOOD FIXED INTEREST TRANSPARENCY BOND AUCTION MARKET DATA FINANCIAL CRISIS FUTURE FOREIGN DIRECT INVESTMENT GOVERNMENT SUBSIDY PURCHASING POWER INVESTOR CONFIDENCE GOVERNMENT EXPENDITURE INVESTMENT PROJECTS BOND MARKET REPAYMENT EXPENDITURES ISSUANCE PRIVATE PARTIES T-BILL SHARES BALANCE SHEET T-BILL RATE MARKET FOREIGN EXCHANGE DEBT RATIOS PUBLIC DEBT MARKET CONFIDENCE CURRENCIES GOVERNMENT POLICIES DEBT MARKETS ARREARS ACCUMULATION DEBT MARKET INVESTOR GOODS GOVERNMENT SUBSIDIES DURABLE STOCKS INVESTMENT BOND EUROBOND COMMERCIAL BANKS SHARE POVERTY INTEREST COSTS TARIFF CURRENCY RISK REVENUE INTERNATIONAL DEBT MARKETS EXTERNAL DEBT INVESTMENTS FINANCIAL SUPPORT LENDING PUBLIC SECTOR DEBT CREDIT GROWTH EXCHANGE RATE GOVERNMENT INVESTMENT DEBT SERVICING COMPETITIVE BIDDING COMMODITY PRICES ARREARS INTERNATIONAL INVESTORS EXTERNAL BORROWING TAX OBLIGATIONS World Bank Group Zambia Economic Brief, June 2016, Issue 7 : Beating the Slowdown--Making Every Kwacha Count |
| geographic_facet |
Africa Zambia |
| description |
The external environment confronting
Sub-Saharan Africa (SSA) is expected to remain difficult in
the near term. Commodity prices are expected to remain low,
and in 2016, growth in the region isforecast to drop to 2.5
percent from 3.0 percent in 2015 (World Bank forecast).
There is considerable variation in economic performance
across countries, with the slowdown concentrated among the
region's largest commodity exporters. Growing economic
vulnerabilities, amid weakened policy buffers, continue to
pose challenges for policy makers. The balance of risks to
the outlook remains tilted to the downside. The global risks
include: (i) a sharper than expected slowdown in China (as
the country rebalances growth toward consumption and
services), (ii) a further decline in commodity prices, and
(iii) tighter global financing conditions that would result
in higher borrowing costs and reduced sovereign bond access
for emerging and frontier countries. On the domestic front,
delays in adjustment to external shocks in affected
countries would create policy uncertainties that could weigh
on investor sentiment and weaken the recovery. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Zambia Economic Brief, June 2016, Issue 7 : Beating the Slowdown--Making Every Kwacha Count |
| title_short |
Zambia Economic Brief, June 2016, Issue 7 : Beating the Slowdown--Making Every Kwacha Count |
| title_full |
Zambia Economic Brief, June 2016, Issue 7 : Beating the Slowdown--Making Every Kwacha Count |
| title_fullStr |
Zambia Economic Brief, June 2016, Issue 7 : Beating the Slowdown--Making Every Kwacha Count |
| title_full_unstemmed |
Zambia Economic Brief, June 2016, Issue 7 : Beating the Slowdown--Making Every Kwacha Count |
| title_sort |
zambia economic brief, june 2016, issue 7 : beating the slowdown--making every kwacha count |
| publisher |
World Bank, Lusaka |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/06/26511061/zambia-economic-brief-beating-slowdown-making-every-kwacha-count http://hdl.handle.net/10986/24661 |
| _version_ |
1764457332418281472 |