Zambia to give Zimbabwe K2.7bn.

ZAMBIA will this year give Zimbabwe K2.7 billion in humanitarian aid, according to the Zambia Daily Mail. 

Acting leader of Government business, Lameck Mangani told Parliament yesterday that the economic recovery of Zimbabwe has been principally in form of humanitarian aid and the Zambian Government has made such efforts to assist that country.

“By the end of this year, the Zambian Government projects to contribute approximately K3.4 billion to Zimbabwe,” he said.

Mr Mangani was responding to Chipili MP Davis Mwila (PF), who wanted to know how much money the Zambian Government intends to contribute to the economic recovery of Zimbabwe.

Mr Mwila also wanted to know why Government decided to make the humanitarian contribution.
Mr Mangani said the Zambian Government donated K2 billion in 2009 to help fight a cholera outbreak in Zimbabwe.

He said Zimbabwe was badly hit by cholera, which prompted the Zambian Government and other Southern African Development Community (SADC) members to assist because the whole region could have been affected.

“Most districts which border Zimbabwe in Southern Province were in danger and that it called for immediate action to contain the outbreak as it was going to affect our country,” Mr Mangani said.

And Mr Mangani said Government is doing everything possible to ensure that Zambians, who have been affected by the floods, are well looked after.

He said measures have also been put in place to prevent the outbreak of diseases such as cholera.
“All those who have been affected by floods are being attended to and I can confirm that all is going on smoothly,” Mr Mangani said.

And Deputy Minister of Finance and National Planning Chileshe Kapwepwe said Government received a total of US$81.9 million from the International Monetary Fund (IMF) from 2006 to 2008.

Ms Kapwepwe said a total of US$24.2 million was received in 2006 while US$41.8 million was obtained in 2007 with US$15.9 million being received in 2008.
She said the disbursed funds from IMF boosted Zambia’s international reserves, thereby enhancing the country’s ability to manage external shocks such as the effects of the recent financial crisis.

“In general, the funds have resulted in a healthy position with respect to foreign reserves. This has contributed to relative stability in the foreign exchange rate and market,” Ms Kapwepwe said.

She was responding to the Chipili MP who wanted to know how much money Government received from IMF under the poverty reduction and growth facility from 2006 to 2008.

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