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Reaping richer returns from public expenditures in agriculture (English)

Zambia’s economy has picked up in 2017 from the tough conditions of 2015 and 2016. Copper priceshave firmed, but they remain low when compared to their peak. However, the big challenge remains with ensuring a shift to fiscal sustainability. Bold actions are needed to clear arrears and ensure they do not build up again in the future. Brief includes two sections: the World Bank’sassessment of recent economic developments and the outlook in the short to medium term, and itsanalysis of a specific development topic or theme.

Details

  • Author

    Smith,Gregory, Chinzara,Zivanemoyo

  • Document Date

    2017/06/01

  • Document Type

    Working Paper

  • Report Number

    117003

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Zambia,

  • Region

    Africa,

  • Disclosure Date

    2017/06/28

  • Disclosure Status

    Disclosed

  • Doc Name

    Reaping richer returns from public expenditures in agriculture

  • Keywords

    Agriculture;fiscal deficit;inflation;commodity price;current account deficit;impact of climate change;Public Investment Management System;access to safe water;monetary policy;political uncertainty;Regional Economic Development;tight monetary policy;copper price;public debt;global financial;economic recovery;public expenditure;banking sector liquidity;income tax collection;wages and salary;foreign exchange trading;cash transfer program;value added tax;lending rate;global condition;Electricity;Fuel Subsidies;Public Spending;crop production;Mining;foreign direct investment;cost of supply;balance of payment;foreign exchange restriction;stable exchange rate;high oil price;international debt market;foreign currency risk;foreign exchange control;local government infrastructure;exchange rate stability;exchange rate volatility;cost of service;investments in agriculture;Production of Crops;decline in inflation;climate smart agriculture;cost of electricity;debt sustainability analysis;area under cultivation;price of oil;per capita income;cost of debt;change in prices;enhanced food security;global financial market;local capital market;quality and quantity;annual inflation rate;Private Sector Growth;nominal lending rate;domestic resource mobilization;source of financing;Bank of Zambia;Access to Electricity;fuel price subsidy;debt service costs;impact on revenues;domestic revenue;cash basis;global growth;Macroeconomic Stability;downside risk;Agriculture Subsidies;expenditure arrears;increased security;Agricultural Subsidies;commodity exporter;poor infrastructure;budgetary control;reserve ratio;policy uncertainty;commercial bank;iron ore;metal price;expenditure pressures;rainy season;export volume;unpaid bill;electricity subsidies;government revenue;low rate;pension obligation;Fiscal Sustainability;fuel supplier;budget support;fiscal indicator;fiscal pressure;repayment risk;domestic borrowing;power crisis;sustainable level;fiscal consolidation;Power Generation;industrial production;electricity tariff;Population Growth;oil production;domestic finance;Exchange Rates;copper production;public revenue;capital injection;copper mine;regulatory environment;financial inclusion;fuel pump;drought conditions;electricity import;fuel import;fuel procurement;Job Creation;external financing;domestic financing;primary balance;current expenditure;tax revenue;burley tobacco;capital flow;fiscal target;foreign debt;credit growth;electricity outages;increased income;private investment;market price;retail trade;expenditure area;real value;oil sector;gender disparity;oil producer;electricity sector;debt crisis;insurance activity;fiscal stance;general elections;bond auction;telecommunications infrastructure;construction activities;congyan tan;expenditure plan;sustainable fiscal;mealie meal;national budget;penalty payment;government supplier;macroeconomic indicator;debt level;mining revenue;climate finance;risk appetite;program leader;export commodity;logistics cost;financial sustainability;food price;external borrowing;agricultural output;currency volatility;development partner;deficit target;tariff adjustment;investment agreement;future price;Export Diversification;poor household;excise duty;maize production;t-bill rate;Public Infrastructure;electricity production;daily average;withholding tax;revenue reform;agricultural production;fiscal tightening;oil field;oil inventory;shale oil;platinum price;increased demand;high trade;Oil Pipeline;currency depreciation;rich economy;agricultural productivity;land degradation;extension service;farming household;complementary investment;stated objective;urban agricultural policy;agriculture policy;productive expenditure;export earnings;external support;Exit Strategy;expenditure cut;investment growth;government security;zambian kwacha;urban counterpart;climate resilience;construction sector;agriculture sector;rural livelihood;Fiscal policies;government expenditure;water level;fiscal policy;negative terms;power outage

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Citation

Smith,Gregory Chinzara,Zivanemoyo

Reaping richer returns from public expenditures in agriculture (English). Zambia economic brief,no. 9 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/130381498665479930/Reaping-richer-returns-from-public-expenditures-in-agriculture