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nomy, encouragement of tourism, and more efficient use of scarce water resources. Zambia Despite progress in privatization and budgetary reform, Zambia's economic growth remains somewhat below the 5% to 7% needed to reduce poverty significantly. Privatization of government-owned copper mines relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output increased in 2004 and is expected to increase again in 2005, due to higher copper prices and the opening of new mines. The maize harvest was again good in 2004, helping boost GDP and agricultural exports. Cooperation continues with international bodies on programs to reduce poverty, including a new lending arrangement with the IMF in the second quarter, 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with fiscal discipline. Zimbabwe The government of Zimbabwe faces a wide variety of difficult economic problems as it struggles with an unsustainable fiscal deficit, an overvalued exchange rate, soaring inflation, and bare shelves. Its 1998-2002 involvement in the war in the Democratic Republic of the Congo, for example, drained hundreds of millions of dollars from the economy. Badly needed support from the IMF has been suspended because of the country's failure to meet budgetary goals. Inflation rose from an annual rate of 32% in 1998 to 133% at the end of 2004, while the exchange rate fell from 24 Zimbabwean dollars per US dollar to 6,200 in the same time period. The government's land reform program, characterized by chaos and violence, has badly damaged the commercial farming sector, the traditional source of exports and foreign exchange and the provider of 400,000 jobs. This page was last updated on 20 October, 2005 ====================================================================== @2117 Pipelines (km) Afghanistan gas 387 km (2004) Albania gas 339 km; oil 207 km (2004) Algeria condensate 1,344 km; gas 85,946 km; liquid petroleum gas 2,213 km; oil 6,496 km (2004) Angola gas 214 km; liquid natural gas 14 km; liquid petroleum gas 30 km; oil 837 km; refined products 56 km (2004) Argentina gas 27,166 km; liquid petroleum gas 41 km; oil 3,668 km; refined products 2,945 km; unknown (
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