The Zambian Government has said that it is pleased with the approval by the IMF Board of Directors of a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion, for eligible member countries.

In Zambia’s case, this translates to approximately US$1.3 billion and doubles the country’s foreign exchange reserves. The decision to increase the general allocation was made by the IMF Board on 2nd August, 2021.

For more information, please see https://www.lusakatimes.com/2021/08/11/zambia-to-receive-1-3-billion-from-the-imfs-global-liquidity-stabilization-programme/