Zambia has signed an agreement with the United States for a loan of 30 -million U.
Zambia has signed an agreement with the United States for a loan of 30 -million U.S. dollars. The agreement is part of a larger package of aid and was formally concluded in Lusaka on Wednesday (29 March).
SYNOPSIS: The loan agreement was signed for Zambia by the Finance Minister, Mr John Mwanakatwe, and for the United States by the Ambassador to Zambia, Mr Stephen Low. Zambia is at present in economic difficulty and has had to suspend copper exports, it's main income earner. Mr Mwanakatwe, said the loan would be of great benefit.