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IMF US $13 million disbursement

    NAIROBI

    The International Monetary Fund (IMF) has completed its first review of Zambia’s economic performance and has released US $13.2 million under a Poverty Reduction and Growth Facility (PRGF).

    An IMF statement on Thursday said: “In the light of the widespread poverty in Zambia, the authorities’ firm commitment to poverty reduction, as outlined in their Interim Poverty Reduction Strategy Paper (I-PRSP) is welcome. The authorities’ efforts to establish a legal environment that sustains private sector led growth, promotes stable macroeconomic conditions conducive to private investment, and targets poverty reduction programmes, (clearly prioritised within the available resources), are essential to achieve poverty reduction”.

    The government’s full PRSP is scheduled to be completed in mid-2001.
    The IMF’s economic review was completed under a programme supported by a three-year US $336.3 million PRGF. Total disbursements to Zambia under the current programme now stands at US $26.4 million.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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