IMF Executive Board Approves Ethiopia Review, Unlocking $262m

IMF executive board approves Ethiopia review, unlocking $262m

The executive board of the International Monetary Fund has approved the third review of Ethiopia's $3.4bn (R59.52bn) loan programme, the IMF said on Wednesday, unlocking access to $262.3m (R4.59bn) in financing for the East African nation.

Ethiopia, World Bank Sign $1 Billion Agreement

Ethiopia announced on Friday that it has entered into a financial agreement worth $1 billion with the World Bank. According to a post by its finance ministry on Facebook, the funding will be provided in the form of a concessional loan and grant. The funds are intended to support governmental efforts aimed at securing financial sector stability, increasing trade competitiveness, and enhancing the collection of domestic resources, it stated. Earli…

IMF Greenlights $262 Million Grant After Ethiopia Reforms

Ethiopia has received a significant vote of confidence from the International Monetary Fund (IMF), as the Executive Board concluded its 2025 Article IV consultation paired with the third review under the four-year Extended Credit Facility (ECF).  The board authorised an immediate disbursement of approximately US$262.3 million (SDR 191.7 million), bringing total programme funding to about US$1.873 billion, an encouraging sign amid the country’s a…

IMF Board Allows Ethiopia to Access $263mln Loan after Third Review Approval – Ethiopian Monitor

The Executive Board of the International Monetary Fund (IMF) completed the third review under the Extended Credit Facility (ECF) arrangement for Ethiopia, allowing the authorities to draw the equivalent of about US$262.3 million. The IMF announced the Board’s decision which comes more than a month after Ethiopia and IMF reached staff level agreement, citing “significant progress in implementing fundamental macroeconomic reforms” under the first …