AEGiS-Reuters: Zambia gets $174 mln donor funds for economy, AIDS

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Zambia gets $174 mln donor funds for economy, AIDS

Reuters NewMedia - May 11, 2009


LUSAKA, May 11 (Reuters) - Western donors have given Zambia $174.1 million towards programmes aimed at stabilising its economy and to fight HIV/AIDS and poverty, Treasury spokesman Chileshe Kandeta said on Monday.

"(Western) partners have disbursed $96.2 million as budget support and a further $77.9 Million in project grants ... representing over 55 percent disbursement out of the $312.88 million 2009 projected budget support and project grants scheduled to be channelled through the Treasury," Kandeta said in a statement.

Kandeta said the funds were given by donors after the International Monetary Fund (IMF) last week released $160.1 million of its total $256.4 million financing package to Zambia. (Reporting By Shapi Shacinda; Editing by Phumza Macanda)


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