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Begin New Search Topic Macroeconomics Political Geography Africa Publishing Institution Zambia Institute for Policy Analysis and Research (ZIPAR) Publication Year within 10 Years

1. Transformation through Inclusive Growth: Achieving a Balanced Recovery

Author:
Zambia Institute for Policy Analysis & Research (ZIPAR)
Publication Date:
11-2021
Content Type:
Commentary and Analysis
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
The Zambian National Budget for the year 2022 was announced by the Minister of Finance on 29th October 2021. This marked the first Budget of the newly elected United Party for National Development Government following the August 12, 2021 national election. As such, this represented the first formal statement of the new Government’s economic policy. While the Budget contains many transformative ideas, it is important to zoom in on the areas where caution is imperative and what those specific details means for the people the Budget is meant to serve, and for the whole economy. This paper therefore analyses the 2022 National Budget under the theme: ‘Transformation through Inclusive Growth: Achieving a Balanced Recovery’. The paper present insights into the key fiscal and macroeconomic priorities, debt management and international financing relations, the real sector policy options to stimulate the balanced and green recovery of the economy and taking development closer to the people. The paper also gives pointers for strengthening the governance environment for effective budget execution and for sidestepping the perils of the ambitious decentralisation programme.
Topic:
Governance, Budget, Economic Growth, Macroeconomics, Fiscal Policy, and Revenue Management
Political Geography:
Africa and Zambia

2. A Review of the Performance of the 2021 First Semester Budget

Author:
Mbewe Kalikeka
Publication Date:
10-2021
Content Type:
Commentary and Analysis
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
Zambia’s 2021 National Budget is being executed under the theme, “Stimulate Economic Recovery and Build Resilience to Safeguard Livelihoods and Protect the Vulnerable.” During the budget planning process the COVID-19 pandemic took a heavy toll on economic activity that led the economy to contract by 3% in 2020. This is on the back of the economy having already being vulnerable to external shocks due to its structural weaknesses. Therefore, in line with aspirations to stimulate economic recovery, the 2021 National Budget set the growth target at 1.8%, underscoring a strong desire to crutch the economy to its recovery.
Topic:
Budget, Macroeconomics, Fiscal Policy, COVID-19, and Economic Recovery
Political Geography:
Africa and Zambia

3. Quest for Growth and Resilience in the Face of Mounting Economic Headwinds

Author:
Zambia Institute for Policy Analysis & Research (ZIPAR)
Publication Date:
09-2020
Content Type:
Commentary and Analysis
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
Zambia has experienced weakening macroeconomic conditions in the past 10 years, with falling real GDP and per capita GDP growth, a depreciating kwacha and rising inflation… Against this backdrop, the 2021 National Budget is themed: “Stimulate Economic Recovery and Build Resilience to Safeguard Livelihoods and Protect the Vulnerable”. Many sub-functional big winners are expected in 2021 in terms of allocation increases (e.g. FISP, Voter Registration and Social Cash Transfer), and some critical losers are also expected, particularly Empowerment Funds.
Topic:
Budget, GDP, Economic Growth, and Macroeconomics
Political Geography:
Africa and Zambia

4. A Review of the Performance of the 2020 National Budget

Author:
Mbewe Kalikeka
Publication Date:
04-2020
Content Type:
Policy Brief
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
This briefing note provides a review of the performance of the 2020 National Budget. It also provides contexts of the macroeconomic fundamentals with bearing on the revenue and expenditure trends. The brief is based on an analysis of the fiscal tables of Government; it compares the 2020 approved budget allocations with the preliminary outturns for 2020, as well as the preliminary and actual outturns for 2019. The layout of this brief is as follows: Section 2 gives a brief overview of the macroeconomic performance in 2020. Section 3 and Section 4 shed light on the revenue and expenditure performance respectively. Section 5 concludes the brief and provides recommendations.
Topic:
Budget, Macroeconomics, Fiscal Policy, and Revenue Management
Political Geography:
Africa and Zambia

5. In Further Pursuit of an IMF-Programme: Possible Pathways for Zambia and Lessons for Africa

Author:
Caesar Cheelo and Nakubyana Mungomba
Publication Date:
09-2019
Content Type:
Working Paper
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
Since 2015, Zambia’s real GDP growth has declined markedly, its local currency has depreciated notably with episodes of serious volatility, and the risks of fiscal and debt distress have mounted. As the country searches for solutions, one viable international economic diplomacy instrument might be the IMF. Since its creation in 1945, the IMF has fostered global monetary cooperation, secured financial stability, international trade, high employment, sustainable economic growth and poverty reduction, mainly through: lending, surveillance and capacity building. Zambia has been pursuing an IMF-supported economic programme since about 2016, but with dismal success. In contrast, other economies like Ghana and Zimbabwe appear to be making headway. Key questions emerge from the foregoing: what does the evidence say about the relevance and significance of an IMF-supported programme for Zambia? Why has the country’s recent quest for an IMF deal failed? Does Zambia have feasible pathways to an IMF deal? This paper tackles these issues using simply descriptive statistical analysis, stylized facts and a political economy lens. We highlight a number of specific pathways that Zambia could follow in further pursuit of an IMF-support programme.
Topic:
Political Economy, GDP, Economy, Macroeconomics, Currency, and IMF
Political Geography:
Africa and Zambia