IMF approves Zambian funds

ZAMBIA - The International Monetary Fund (IMF) has approved $317m (£216.4m) financing for Zambia's 2002 economic plan to target poverty reduction.

"The gesture by the IMF is tremendous testimony to its shift in addressing poverty in least developed countries," Finance Minister Emmanuel Kasonde said adding $62m would be released immediately.

Zambia has declared the country's food shortage a national disaster, saying four million people face starvation.

It also faces an economic crisis with mining

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