The IMF has agreed a new three-year financing package to help Zambia cut poverty and the country could borrow up to $150 million per year and still sustain its debt position, officials said on Thursday. Finance Minister Ng'andu Magande and the International Monetary Fund said in separate statements they had agreed a new three-year poverty reduction growth facility (PRGF), after the expiry of the previous $320 million PRGF in 2007. Magande said the Treasury was now calculating figures for the new facility but it would be less than the previous agreement.