Tag Archives: United Nations Economic and Social Council

19Oct/26

Why Zambia National Budget Needs Local Accounting

You Can’t Share Poverty: Reconciling Fiscal Discipline with Local Empowerment in Emerging Economies

Mon Oct. 19, 2026 /Mpelembe Media/ — Hakainde Hichilema’s political memoir and reform playbook, You Can’t Share Poverty: The Choices That Shape a Nation’s Future, sets forth a structural growth doctrine that redefines the social contract in developing nations. The foundational premise argues that state-driven wealth redistribution in low-income or heavily indebted economies serves merely to socialize scarcity and dilute existing capital without building productive capacity. Sustainable poverty reduction and employment creation cannot be achieved through consumption subsidies or state patronage, but require expanding national output (GDP) by attracting foreign direct investment, expanding the industrial tax base, and establishing predictable regulatory frameworks where the state acts as a facilitator rather than a controller of commercial enterprise.
Continue reading →

29May/23

United States of America: Staff Concluding Statement of the 2023 Article IV Mission

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments. Continue reading

16Apr/23

Summary of The IMF Transcript of the 2023 Fiscal Monitor Press Briefing

The IMF Transcript of the 2023 Fiscal Monitor Press Briefing discusses the following topics:

The impact of the pandemic on fiscal policy.
The role of fiscal policy in supporting monetary policy.
The need to reduce debt levels.
The risks to financial stability.
The need to support vulnerable members.
Continue reading →

01Sep/22

IMF Executive Board Approves New Extended Credit Facility (ECF) Arrangement for Zambia

August 31, 2022

 




The IMF Board approves SDR 978.2 million (about US$1.3 billion) 38-month ECF arrangement for Zambia to help restore macroeconomic stability and foster higher, more resilient, and more inclusive growth. Continue reading →