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

Summary by WTVB
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 …
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