The EU has approved a 225 million euro financing package for Zambia to help the country lift millions of its people out of poverty, officials said on Thursday.
EU Commissioner for Development Aid Louis Michel and Zambia Finance Minister Situmbeko Musokotwane signed the agreement in Lusaka, the capital of the once relatively rich copper-producing nation.
Meanwhile, a high-level International Monetary Fund (IMF) and World Bank missions will visit Zambias southern neighbour, Zimbabwe, next week after a two year break to assess the Southern African countrys dire economic situation and humanitarian crisis.
Kilde: www.worldbank.org
