Zambia: Technical Assistance Report-Strengthening Cash Forecasting

Effective cash management is essential for enhancing fiscal discipline in Zambia, yet it faces significant challenges. With programmatic capacity development support from the IMF the authorities are making progress in improving institutional arrangements and strengthening capacity and technical tools for cashflow forecasting. The IMF’s cashflow forecasting assessment tool (CFAT) has been adopted to produce a comprehensive annual cash flow plan. Alongside with strengthening forecasting practices and data reliability, consolidating government accounts will be critical for effective cash management.