TohidA/MONA · Datasets at Hugging Face

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of all necessary amendments to the Public Finance Management Act specifying the general principles of the treasury single account system.

4

09/30/2009

M

This benchmark will help strengthen public expenditure management and budget execution. In particular, the measure will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

6

4

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of the pay policy reform.

5

06/30/2010

M

Introduced at R3. Macroeconomic rationale: strengthen payroll management, and increase productivity of the public sector.

6

5

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Adoption of Treasury Single Account by six ministries, provinces, and spending agencies.

6

12/31/2010

NM

Introduced at R3. Macroeconomic rationale: Strengthen public expenditure management and budget execution. In particular, the measures will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

6

2010-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Submit to parliament the Planning and Budgeting Act.

1

06/30/2010

MOD-DATE

Introduced at R3. At R4, test date reset to end-December 2010.

6

1

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Submit to parliament the Planning and Budgeting Act.

1

12/31/2010

MOD-DATE

New test date of end-December 2010 specified at R4. At R5, test date reset to end-January 2011.

6

1

2010-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Submit to parliament the Planning and Budgeting Act.

1

01/31/2011

NM

At R5, test date reset.

6

1

2011-01-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Bank of Zambia will introduce a new standing overnight lending facility.

1

09/30/2009

MD

This measure will help to strengthen liquidity management, reduce volatility in the money market, and enhance the effectiveness of monetary policy. Met on Dec. 1, 2009.

6

1

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

The Bank of Zambia will restructure the operations of its rediscount window.

2

06/30/2008

MD

N/A

6

2

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

22

3. Civil service and public employment reforms, and wages

Submit to Cabinet a proposal to establish a Treasury Department.

1

06/30/2008

M

N/A

6

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

24

5. Public enterprise reform and pricing (non financial sector)

Raise the average electricity tariff in 2010 and publicly announce indicative tariffs for 2011 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2010

MD

Introduced at R3. Macroeconomic rationale: To ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program. Met on July 26, 2010.

6

1

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

24.1

5.1. Public enterprise pricing and subsidies

Raise the average electricity tariff in 2009 and publicly announce indicative tariffs for 2010-11 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2009

M

This measure is designed to ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program.

6

1

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

24.3

5.3. Price controls and marketing restrictions

Submit to Cabinet a report on maize pricing policy.

1

03/31/2011

M

Introduced at R5. Macro rationale: Preserve macroeconomic stability and minimize disruptions to private sector trading of maize.

6

1

2011-03-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Introduce risk based bank supervision.

1

12/31/2008

M

N/A

6

1

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

12/31/2008

MOD-DATE

Not met. Reset for end-June 2009.

6

2

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

06/30/2009

MOD-DATE

The benchmark should enhance financial sector deepening, which is vital to achieving the growth objectives of the program. Not met, reset to end-March 2010.

6

2

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

03/31/2010

M

N/A

6

2

2010-03-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Establish a Lender-of-Last Resort Framework and draft legislation and procedures for a financial sector contingency plan in the event of a crisis.

3

06/30/2010

MD

Introduced at R3. Macroeconomic rationale: Strengthen the Central Bank's crisis preparedness. Met on 5/13/2011.

6

3

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Submit to Cabinet a proposal to establish a treasury single account.

1

06/30/2008

M

N/A

6

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SPC

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Submit to Cabinet a policy for the electricity sector with specific startegies to (i) gradually adjust electricity tariffs to the cost of service; (ii) attract private investment and competition in the sector; (iii) increase the operational efficiency of ZESCO; and (iv) ensure that ZESCO has sufficient resources to implement the planned rehabilitation and new generation projects.

1

06/30/2008

M

N/A

6

1

2008-06-30

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

20.1

1.1. Revenue measures, excluding trade policy

Restore the practice of adjusting the price of petroleum prices in line with the cost-plus pricing model, with the pricing cyucle reduced from 60 to 30 days.

1

Program Prior Action

M

Contain fiscal risks and reduce inefficient fuel subsidies.

0

1

2023-09-23

N/A

PA_20.10_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

20.3

1.3. Expenditure measures, including arrears clearance

Publish a strategy for clearing expenditure and VAT refund arrears, including criteria for prioritization and timing of payments, and consistent with program parameters.

1

Program Prior Action

M

Enhance fiscal controls.

0

1

2023-09-23

N/A

PA_20.30_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

20.5

1.5. Debt Management

Provide detailed information to Fund staff on all external debt contracted or guaranteed by the public sector, for both disbursed and undisbursed debt.

1

Program Prior Action

M

Enhance debt transparency.

0

1

2023-09-23

N/A

PA_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

20.5

1.5. Debt Management

Publish a list of priority foreign- financed projects that the government intends to continue. Government to confirm to contractors on non-priority projects that any arrears incurred woruld be subject to restructuring. Government to confirm to IMF staff the list of priority and non-priority projects.

2

Program Prior Action

M

Enhance debt transparency.

0

2

2023-09-23

N/A

PA_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Publish the implementing regulations for the new Public Procurement Act, reflecting feedback from WB and Fund experts.

1

Program Prior Action

M

Enhance fiscal controls and reduce corruption risks.

0

1

2023-09-23

N/A

PA_20.60_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish summary information on all procurement contracts related to the 2021 Farmet Input Support Program (FISP), including types of inputs the names of the companies awarded, and the contract amounts.

1

Program Prior Action

M

Strengthen the transparency, governance, and efficiency of public spending.

0

1

2023-09-23

N/A

PA_20.70_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Publish an updated MTEF revised in line with program objectives

1

Program Prior Action

M

Communicate a credible plan for fiscal adjustment

0

1

2023-09-23

N/A

PA_20.80_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

21

2. Central Bank

Submit to Parliament amendments to the Bank of Zambia Act, in line with IMF advice to safeguard the central bank's autonomy (operational and financial) and strengthen its governance.

1

Program Prior Action

M

Strengthen the independence of the BoZ.

0

1

2023-09-23

N/A

PA_21.00_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

PA

24.1

5.1. Public enterprise pricing and subsidies

Publish the electricity sector cost-of-service study and government response.

1

Program Prior Action

M

Contain fiscal risks and enhance efficiency.

0

1

2023-09-23

N/A

PA_24.10_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Reinstate VAT and excise taxes on fuel, adjusting fuel prices accordingly.

1

09/30/2022

SB

Eliminate implicit fuel subsidies.

0

1

2022-09-30

N/A

SB_20.10_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Adopt an action plan to boost revenue collections through changes in tax policy and improvements in revenue administration.

2

10/31/2022

SB

Strengthen domestic revenue mobilization.

0

2

2022-10-31

N/A

SB_20.10_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.3

1.3. Expenditure measures, including arrears clearance

Publish the guidelines to implement the new comprehensive agricultural support program and ensure a full migration of FISP to an electronic agro-input system.

1

12/31/2022

SB

Reduce the cost of FISP.

0

1

2022-12-31

N/A

SB_20.30_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin.

1

12/31/2022

SB

Improve debt management and transparency.

0

1

2022-12-31

N/A

SB_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin.

1

03/31/2023

SB

Improve debt management and transparency.

0

1

2023-03-31

N/A

SB_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin.

1

06/30/2023

SB

Improve debt management and transparency.

0

1

2023-06-30

N/A

SB_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin.

1

09/30/2023

SB

Improve debt management and transparency.

0

1

2023-09-30

N/A

SB_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Publish summary information on the financing agreements for all newly contracted external loans by the general government, including new loan contracts guaranteed or new guarantees on existing loan contracts.

2

12/31/2022

SB

Improve debt management and transparency.

0

2

2022-12-31

N/A

SB_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Publish summary information on the financing agreements for all newly contracted external loans by the general government, including new loan contracts guaranteed or new guarantees on existing loan contracts.

2

03/31/2023

SB

Improve debt management and transparency.

0

2

2023-03-31

N/A

SB_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Publish summary information on the financing agreements for all newly contracted external loans by the general government, including new loan contracts guaranteed or new guarantees on existing loan contracts.

2

06/30/2023

SB

Improve debt management and transparency.

0

2

2023-06-30

N/A

SB_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Publish summary information on the financing agreements for all newly contracted external loans by the general government, including new loan contracts guaranteed or new guarantees on existing loan contracts.

2

09/30/2023

SB

Improve debt management and transparency.

0

2

2023-09-30

N/A

SB_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.5

1.5. Debt Management

Enact a revised Loans and Guarantees Authorization Act.

3

09/30/2022

SB

Improve debt management and transparency.

0

3

2022-09-30

N/A

SB_20.50_3

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Ensure that at least 59 ministries, provinces, and spending agencies (MPSAs) register all purchase orders and other financial commitments in the IFMIS.

1

06/30/2023

SB

Strengthen fiscal governance, reduce corruption risks, and prevent the accumulation of arrears.

0

1

2023-06-30

N/A

SB_20.60_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with Fund staff, submit to Parliament an amended PPP Act.

2

06/30/2023

SB

Strengthen the management of fiscal risks related to PPPs.

0

2

2023-06-30

N/A

SB_20.60_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

24.1

5.1. Public enterprise pricing and subsidies

Cabinet to endorse and publish a multi-year tariff framework and a related action plan to ensure cost-reflective and sustainable electricity tariffs, regulations for periodic tariff reviews, and medium-term policies for targeted tariff subsidies.

1

12/31/2022

SB

Limit fiscal risks and ensure medium-term fiscal sustainability of the energy sector.

0

1

2022-12-31

N/A

SB_24.10_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

25

6. Financial sector

Undertake a comprehensive review of the health of the banking sector, including to assess the impact of the COVID-19 pandemic on bank balance sheets.

1

12/31/2022

SB

Stregthen financial stability.

0

1

2022-12-31

N/A

SB_25.00_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2022-08-31

P1

R0

E

SB

30.4

11.4. Anti-corruption legislation/policy

Prepare, with IMF staff's support, and publish a comprehensive governance diagnostic, including specific recommendations and a time-bound action plan for implementing them.

1

12/31/2022

SB

Identity and address governance weaknesses and corruption risks.

0

1

2022-12-31

N/A

SB_30.40_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Restore the practice of adjusting the price of petroleum prices in line with the cost-plus pricing model, with the pricing cyucle reduced from 60 to 30 days.

1

Program Prior Action

M

Contain fiscal risks and reduce inefficient fuel subsidies.

1

2023-09-23

N/A

PA_20.10_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

20.3

1.3. Expenditure measures, including arrears clearance

Publish a strategy for clearing expenditure and VAT refund arrears, including criteria for prioritization and timing of payments, and consistent with program parameters.

1

Program Prior Action

M

Enhance fiscal controls.

1

2023-09-23

N/A

PA_20.30_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

20.5

1.5. Debt Management

Provide detailed information to Fund staff on all external debt contracted or guaranteed by the public sector, for both disbursed and undisbursed debt.

1

Program Prior Action

M

Enhance debt transparency.

1

2023-09-23

N/A

PA_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

20.5

1.5. Debt Management

Publish a list of priority foreign- financed projects that the government intends to continue. Government to confirm to contractors on non-priority projects that any arrears incurred woruld be subject to restructuring. Government to confirm to IMF staff the list of priority and non-priority projects.

2

Program Prior Action

M

Enhance debt transparency.

1

2

2023-09-23

N/A

PA_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Publish the implementing regulations for the new Public Procurement Act, reflecting feedback from WB and Fund experts.

1

Program Prior Action

M

Enhance fiscal controls and reduce corruption risks.

1

2023-09-23

N/A

PA_20.60_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish summary information on all procurement contracts related to the 2021 Farmet Input Support Program (FISP), including types of inputs the names of the companies awarded, and the contract amounts.

1

Program Prior Action

M

Strengthen the transparency, governance, and efficiency of public spending.

1

2023-09-23

N/A

PA_20.70_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Publish an updated MTEF revised in line with program objectives

1

Program Prior Action

M

Communicate a credible plan for fiscal adjustment

1

2023-09-23

N/A

PA_20.80_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

21

2. Central Bank

Submit to Parliament amendments to the Bank of Zambia Act, in line with IMF advice to safeguard the central bank's autonomy (operational and financial) and strengthen its governance.

1

Program Prior Action

M

Strengthen the independence of the BoZ.

1

2023-09-23

N/A

PA_21.00_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

PA

24.1

5.1. Public enterprise pricing and subsidies

Publish the electricity sector cost-of-service study and government response.

1

Program Prior Action

M

Contain fiscal risks and enhance efficiency.

1

2023-09-23

N/A

PA_24.10_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20

1. General government

Establish a unified Large Taxpayer Office (LTO) that will deal with all large taxpayers

1

03/31/2024

SB

N/A

1

2024-03-31

R1

N/A

SB_20.00_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20

1. General government

Prepare an action plan to rationalize banking arrangements of local authorities, province - and district-level government entities, to discuss options for eventual inclusion in TSA, and to reduce account balanaces at commercial banks

2

03/31/2024

SB

N/A

1

2

2024-03-31

R1

N/A

SB_20.00_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20

1. General government

Implement migration from Direct Input Supply to e-voucher system in at least 33 districts in line with the migration criteria and principles outlined in the published Action Plan (including private sector participation in inputs distribution and the farmers' choice to select inputs).

3

09/30/2023

SB

N/A

1

3

2023-09-30

R1

N/A

SB_20.00_3

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Reinstate VAT and excise taxes on fuel, adjusting fuel prices accordingly.

1

09/30/2022

M

Eliminate implicit fuel subsidies.

1

2022-09-30

N/A

R1

SB_20.10_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Adopt an action plan to boost revenue collections through changes in tax policy and improvements in revenue administration.

2

10/31/2022

M

Strengthen domestic revenue mobilization.

1

2

2022-10-31

N/A

R1

SB_20.10_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

Publish the guidelines to implement the new comprehensive agricultural support program and ensure a full migration of FISP to an electronic agro-input system.

1

12/31/2022

M

Reduce the cost of FISP.

1

2022-12-31

N/A

R1

SB_20.30_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin.

1

12/31/2022

M

Improve debt management and transparency.

1

2022-12-31

N/A

R1

SB_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin.

1

03/31/2023

M

Improve debt management and transparency.

1

2023-03-31

N/A

R1

SB_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin.

1

06/30/2023

M

Improve debt management and transparency.

1

2023-06-30

N/A

R1

SB_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin.

1

09/30/2023

SB

Improve debt management and transparency.

1

2023-09-30

N/A

SB_20.50_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish summary information on the financing agreements for all newly contracted external loans by the general government, including new loan contracts guaranteed or new guarantees on existing loan contracts.

2

12/31/2022

M

Improve debt management and transparency.

1

2

2022-12-31

N/A

R1

SB_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish summary information on the financing agreements for all newly contracted external loans by the general government, including new loan contracts guaranteed or new guarantees on existing loan contracts.

2

03/31/2023

M

Improve debt management and transparency.

1

2

2023-03-31

N/A

R1

SB_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish summary information on the financing agreements for all newly contracted external loans by the general government, including new loan contracts guaranteed or new guarantees on existing loan contracts.

2

06/30/2023

M

Improve debt management and transparency.

1

2

2023-06-30

N/A

R1

SB_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish summary information on the financing agreements for all newly contracted external loans by the general government, including new loan contracts guaranteed or new guarantees on existing loan contracts.

2

09/30/2023

SB

Improve debt management and transparency.

1

2

2023-09-30

N/A

SB_20.50_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Enact a revised Loans and Guarantees Authorization Act.

3

09/30/2022

M

Improve debt management and transparency.

1

3

2022-09-30

N/A

R1

SB_20.50_3

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin, including key information on new loans and guarantees

4

09/30/2023

SB

N/A

1

4

2023-09-30

N/A

SB_20.50_4

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin, including key information on new loans and guarantees

4

12/31/2023

SB

N/A

1

4

2023-12-31

N/A

SB_20.50_4

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin, including key information on new loans and guarantees

4

03/31/2024

SB

N/A

1

4

2024-03-31

N/A

SB_20.50_4

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Publish a quarterly debt statistics bulletin, including key information on new loans and guarantees

4

06/30/2024

SB

N/A

1

4

2024-06-30

N/A

SB_20.50_4

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.5

1.5. Debt Management

Approve a new organizational structure for the debt management office

5

12/31/2023

SB

N/A

1

5

2023-12-31

N/A

SB_20.50_5

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Ensure that at least 59 ministries, provinces, and spending agencies (MPSAs) register all purchase orders and other financial commitments in the IFMIS.

1

06/30/2023

MOD-DATE

Strengthen fiscal governance, reduce corruption risks, and prevent the accumulation of arrears.

1

2023-06-30

N/A

SB_20.60_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Ensure that at least 59 ministries, provinces, and spending agencies (MPSAs) register all purchase orders and other financial commitments in the IFMIS.

1

08/31/2023

SB

N/A

1

2023-08-31

R1

N/A

SB_20.60_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with Fund staff, submit to Parliament an amended PPP Act.

2

06/30/2023

MOD-DATE

Strengthen the management of fiscal risks related to PPPs.

1

2

2023-06-30

N/A

SB_20.60_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with Fund staff, submit to Parliament an amended PPP Act.

2

07/31/2023

SB

N/A

1

2

2023-07-31

R1

N/A

SB_20.60_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Expand the scope of Fiscal Risk Report (FRR) to include key risks stemming from SOEs, local authorities, public pensions schemes, PPPs and other obligations as well as the potential consequences of climate change. Establish standard methodologies and assumptions applied to quantifying risks. Assess risks in a forward-looking manner

1

06/30/2024

SB

N/A

1

2024-06-30

N/A

SB_20.70_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Produce and publish the inaugural annual financial stability report

2

06/30/2024

SB

N/A

1

2

2024-06-30

N/A

SB_20.70_2

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

24.1

5.1. Public enterprise pricing and subsidies

Cabinet to endorse and publish a multi-year tariff framework and a related action plan to ensure cost-reflective and sustainable electricity tariffs, regulations for periodic tariff reviews, and medium-term policies for targeted tariff subsidies.

1

12/31/2022

M

Limit fiscal risks and ensure medium-term fiscal sustainability of the energy sector.

1

2022-12-31

N/A

R1

SB_24.10_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

25

6. Financial sector

Undertake a comprehensive review of the health of the banking sector, including to assess the impact of the COVID-19 pandemic on bank balance sheets.

1

12/31/2022

M

Stregthen financial stability.

1

2022-12-31

N/A

R1

SB_25.00_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Prepare, with IMF staff's support, and publish a comprehensive governance diagnostic, including specific recommendations and a time-bound action plan for implementing them.

1

12/31/2022

M

Identity and address governance weaknesses and corruption risks.

1

2022-12-31

N/A

R1

SB_30.40_1

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Submit draft Access to Information Bill to Parliament

3

10/31/2023

SB

N/A

1

3

2023-10-31

N/A

SB_30.40_3

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Publish summary information on all procurement contracts related to the annual Farmer Input Support Program (FISP) or its successor.

4

Continuous

SB

N/A

1

4

2023-09-23

N/A

SB_30.40_4

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Publish summary information on all procurement contracts related to the annual Farmer Input Support Program (FISP) or its successor.

4

12/31/2023

SB

N/A

1

4

2023-12-31

R1

N/A

SB_30.40_4

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Publish summary information on all procurement contracts related to the annual Farmer Input Support Program (FISP) or its successor.

4

03/31/2024

SB

N/A

1

4

2024-03-31

R1

N/A

SB_30.40_4

N/A

838

ZAMBIA

754

ECF

2022-08-31

2,022

2025-10-31

2,025

N/A

2023-07-13

P1

R1

L

SB

30.4

11.4. Anti-corruption legislation/policy

Publish summary information on all procurement contracts related to the annual Farmer Input Support Program (FISP) or its successor.

4

06/30/2024

SB

N/A

1

4

2024-06-30

R1

N/A

SB_30.40_4

N/A