Bloomberg News

EU to Give Zambia 32.8 Million Euros in 2012 Budget Support

November 02, 2011

Nov. 2 (Bloomberg) -- The European Union will give Zambia as much as 32.8 million euros in direct budget support for 2012, said Gilles Hervio, EU ambassador to the southern African nation.

The money will help reduce poverty in the country, Hervio said in a statement distributed in the capital, Lusaka, today.

Zambia relies on donors to fund 15 percent to 20 percent of its annual budget, according to Oliver Saasa, and economic adviser to the government.

To contact the reporter on this story: Anthony Mukwita in Johannesburg at amukwita@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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