The Inter­na­tional Mon­e­tary Fund likes how Zambia’s gov­ern­ment is bal­anc­ing it’s books, so they have given them more money. Zam­bia will receive 81.2 mil­lion dol­lars from the IMF after a favor­able review of the government’s poverty reduc­tion efforts.

From All Africa, we read more about the new money and a state­ment from the IMF.

Accord­ing to a state­ment released by the IMF, Zambia’s ben­e­fit fol­lows the com­ple­tion of the third review of the country’s per­for­mance under the PRGF.

The com­ple­tion of the review would allow for the imme­di­ate dis­burse­ment of an amount equiv­a­lent to $81.2 mil­lion Spe­cial Draw­ing Rights (SDR) to bring the total dis­burse­ments to SDR $262.5 million.

The IMF com­mended Zam­bia for her solid per­for­mance under the PRGF-supported pro­gramme and the pru­dent macro-economic man­age­ment demon­strated by the country’s resilience to the global eco­nomic crisis.

“The 2010 Bud­get is well bal­anced. The author­i­ties aim to cre­ate fis­cal space for poverty reduc­tion expen­di­ture and for infra­struc­ture invest­ment to sus­tain robust and diver­si­fied growth.

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