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Africa

Zambia gets funds from IMF as drought takes toll

todayJune 27, 2024 8

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The International Monetary Fund has agreed to immediately disburse $569.6 million to Zambia, boosting the country’s foreign exchange reserves as it deals with its worst drought in almost 60 years. Bloomberg reports that the money includes an augmentation of $385.7 million. The funds will assist Zambia’s drought relief measures.

Written by: Tonata Kadhila

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