IMF agrees to release $251M to Ethiopia, contingent on economic reforms progress.

The IMF has reached an agreement with Ethiopia on the second review of a $3.4 billion credit facility. This agreement, pending approval by the IMF's Executive Board, would grant Ethiopia access to about $251 million. Ethiopia's progress in economic reforms, particularly in transitioning to a market-determined exchange rate, has been noted, with improvements seen in foreign exchange shortages and market stability.

November 27, 2024
8 Articles