EconomyIMF Board Review to Unlock $251 Million Financing for Ethiopia
The International Monetary Fund (IMF) staff and Ethiopian authorities have reached a staff-level agreement on economic policies to conclude the second review of Ethiopia’s four-year, $3.4 billion Extended Credit Facility (ECF) arrangement. Upon formal approval by the IMF Executive Board, Ethiopia will gain access to approximately $251 million in financing. Ethiopia’s homegrown economic reform agenda,