Second Economic Management and Growth

closed

This Second Economic Management and Growth Credit Project's reform program and objectives aim to facilitate Zambia by: 1) maintaining and deepening Zambia's macroeconomic framework conducive to robust growth; 2) strengthening the credibility and institutional capacity of the public sector; and 3) enhancing Zambia's growth opportunities while improving its poverty impact. The FY04-07 CAS envisages that over the four-year period of CAS implementation, there could be two multi-tranche Development Policy Lending Operations or one multi-tranche plus two single tranche development policy operations (DPOs) to support CAS implementation. IDA and the Government of the Republic of Zambia agree that achieving these objectives in part depend on the implementation of specific reforms in the areas of: (i) public sector management; (ii) macro economic management including the reduction of arrears and the establishment of a credit rating bureau; (iii) agriculture; (iv) infrastructure; and (v) business environment.