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

flag The IMF has reached an agreement with Ethiopia on the second review of a $3.4 billion credit facility. flag This agreement, pending approval by the IMF's Executive Board, would grant Ethiopia access to about $251 million. flag 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.

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