IMF Ready to Scale Up Funding for Zambia

    The International Monetary Fund is ready to raise its balance of payments backing for Zambia,

    reported. The central African nation has been hit hard by shrinking copper prices and the worldwide financial crisis. IMF approved a three-year USD79.2 million poverty reduction deal with Zambia last June.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.