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IMF backs Ethiopia reform drive with $261mn payout

IMF Deputy Managing Director Nigel Clarke and Ahmed Shide, Ethiopian Finance Minister. Photo @Ministry of Finance - Ethiopia/Facebook
IMF Deputy Managing Director Nigel Clarke and Ahmed Shide, Ethiopian Finance Minister. Photo @Ministry of Finance - Ethiopia/Facebook
  • IMF unlocks $261mn after fourth Ethiopia review
  • FX reform and debt talks remain decisive hurdles

 

ADDIS ABABA, ETHIOPIA – The International Monetary Fund has approved a fresh $261 million disbursement to Ethiopia, signalling confidence in reforms while warning that debt restructuring and foreign exchange credibility remain critical tests.

The IMF’s Executive Board on January 16 completed the fourth review of Ethiopia’s $3.4 billion Extended Credit Facility, bringing total financing under the programme to about $2.18 billion.

  • IMF unlocks $261mn after fourth Ethiopia review
  • FX reform and debt talks remain decisive hurdles

 

ADDIS ABABA, ETHIOPIA - The International Monetary Fund has approved a fresh $261 million disbursement to Ethiopia, signalling confidence in reforms while warning that debt restructuring and foreign exchange credibility remain critical tests.

The IMF’s Executive Board on January 16 completed the fourth review of Ethiopia’s $3.4 billion Extended Credit Facility, bringing total . . .

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