PHOTO
International Monetary Fund (IMF) logo is seen outside its headquarters in Washington, September 4, 2018. Image used for illustrative purpose.
The International Monetary Fund (IMF) said on Tuesday that it had reached a staff-level agreement with Zambia on the third review of the country's Extended Credit Facility.
Once approved by IMF's executive board Zambia will have immediate access to roughly $573 million.
The fund added in a statement that Zambia had asked for its financial support to be increased from roughly $1.3 billion to $1.7 billion.
(Reporting by Bhargav Acharya; Additional reporting by Karin Strohecker; Editing by Alexander Winning)