IMF, Ethiopia reach staff-level agreement on first review of loan program

IMF, Ethiopia reach staff-level agreement on first review of $3.4 billion ECF program - Addis Standard

Prime Minister Abiy Ahmed (right) holds a discussion with IMF Managing Director, Kristalina Georgieva (left) (Photo: PM Office) Addis Abeba – The International Monetary Fund (IMF) announced on Friday that it had reached a staff-level agreement with Ethiopian authorities on the first review of the country’s four-year, $3.4 billion Extended Credit Facility (ECF) program. The IMF confirmed that the agreement is subject to approval by its managemen…

IMF, Ethiopia reach staff-level agreement on first review of loan program

WASHINGTON (Reuters) – International Monetary Fund staff and Ethiopia have reached an agreement on economic policies to conclude the first review of a four-year $3.4 billion loan arrangement, the IMF said on Friday. The IMF said formal completion of the review by the fund’s Executive Board would give Ethiopia access to financing of about $345 million. Implementation of Ethiopia’s economic reform program, including the adoption of a floating …

Ethiopia Reaches Staff-Level Deal with IMF to Access $345mln Financial Support – Ethiopian Monitor

The International Monetary Fund (IMF) and Ethiopian authorities have reached a staff-level agreement on economic policies to conclude the first review of the four-year Extended Credit Facility (ECF) arrangement. The formal completion of the review by the IMF Executive Board would give Ethiopia access to financing of about 345 million US Dollars, the Fund disclosed on Friday. The announcement comes after the IMF staff conducted a ten-day vis…

IMF and Ethiopia Agree on Economic Policies for $3.4 Billion Loan Review

IMF and Ethiopia Agree on Economic Policies for $3.4 Billion Loan ReviewIMF staff and Ethiopia reach agreement on economic policies for a $3.4 billion loan review. Successful implementation of reforms aims to strengthen macroeconomic stability and support sustainable growth.