Zambia - Basic economic report (Vol. 1 of 5) : Main report

Report No. 1586b-ZA Zambia A Basic Economic Report Main Report 1:11J U October 3, 1977 Eastern Africa Regional Office FOR OF;ICIAL USE ONLY Jocumment ot the World Bank _ X F~~wi This document has a restricteddistribution and may be used bv recipients only in the periormance of their official duties. Its contenrs may not otherwise he clisclosed without Wrild Bank author.zation.  CURRENCY EQUIVALENTS Prior to February 1973 February 1973 to July 1976 US$1 = K 0.7143 US$1 = K 0.643 K 1 = US$1.40 K 1 = US$1.554 Since July 1976 SDR1 = K 0.9218 K 1 SDR1.0846 US$1 - K 0.8000 (July-December 1976 average) K 1 = US$1.2499 (July-December 1976 average) US$1 - K 0.7952 (January-June 1977 average) K 1 - US$1.2576 (January-June 1977 average) ABBREVIATIONS AAC - Anglo American Corporation CAPC - CentralAfrican Power Corporation CIPEC - Conseil Intergouvernemental des Pays Exportateors de Cuivre (Intergovernmental Council of Copper Exporting Countries) CSO - Central Statistics Office ECA - Economic Commission for Africa FAO - Food and Agriculture Organization FINDECO - State Finance and Development Corporation GRZ - Government of the Republic of Zambia INDECO - Industrial Development Corporation ISIC - International Standard Industrial Classification KNBC - Kariba North Bank Company MINDECO - Mining Development Corporation NAMBOARD - National Agricultural Marketing Board NCCI - N'changa Consolidated Copper Mines RCM - Roan Consolidated Mines RST - Roan Selection Trust SITC - International Standard Industrial Classification SNDP - Second National Development Plan TAZARA - Tanzania-Zambia Railway UDI - Unilateral Declaration of Independence UNIP - United National Independence Party ZAMEFA - Metal Fabricators of Zambia ZESCO - Zambia Electricity Supply Corporation ZIMCO - Zambia Industrial and Mining Corporation WEIGHTS AND MEASURES MW = megawatt equal to 1 thousand kilowatts tons - metric tons 1 metric ton - 0.984 long ton 1 metric ton = 1.102 short ton 1 kilometer = 0.621 mile 1 hectare = 2.47 acres GWh = gigawatt hour equal to 1 million kilowatt hours FISCAL YEAR January 1 to December 31  OR OFFICIAL USE ONLY CONFIDENTIAL ZAML'i: BASIC ECONOMIC REPORT TABLE OF CONTENTS Page No. ALMrORSHI? .................................................. COUNTRY DATA................................................ SUM'1ARY AND CONCLUSIONS .....................................