Tagged: Ethiopia

30/07/2024

Ethiopia’s $3.4 Billion IMF Deal Paves Way for Debt Restructuring Completion

Ethiopia secures a $3.4 billion deal with the IMF, facilitating the long-awaited debt restructuring within the next 3-6 months. Further financing from the World Bank and other creditors is anticipated. Bollywood Fever: Ethiopia has...

Ethiopia Lifts Forex Restrictions to Secure IMF Funding and Debt Overhaul

Business / Banking

29/07/2024

Ethiopia Lifts Forex Restrictions to Secure IMF Funding and Debt Overhaul

Ethiopia’s central bank announced on Monday that it has lifted restrictions on the foreign currency market, a crucial step towards securing funding from the International Monetary Fund (IMF) and progressing on a long-delayed debt...