FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

Ethiopia in Talks with IMF for $3b Finance

Dec 12 , 2019

Kristalina Georgieva, IMF managing Director, (middle), pictured in October this year with President Yinager Dessie (left) and Ahmed Shide.

Ethiopia in Talks with IMF for $3b Finance Ethiopia is under an active talk with the IMF to use its special drawing rights to obtain massive loans insiders say will reach three billion dollars, to support its precarious balance of payments, sources disclosed.

Remained inactive for several years, Ethiopia seeks to use a program under the IMF know as special drawing rights, but the amount its official seek to obtain is far larger than its quota.

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

The Geopolitics of Africa's Debt Crisis

The United States has a population of roughly 330 million, while all NATO countries c...

The Pandemic Financing Developing Countries Need

Pandemic preparedness was on the agenda at last week's Spring Meetings of the World B...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Prosperity Party Tries Economic Tightrope Walking Without a Net

Apr 27 , 2024

The Prosperity Party (PP) - Prosperitians - is charting a course through treacherous...

Governor Mamo Tests Transparency. Will It Pass a Test of Time?

Apr 20 , 2024

In a departure from its traditionally opaque practices, the National Bank of Ethiopia...

Policy Espresso Demands a Strong Brew to Transform Negative Dynamic

Apr 13 , 2024

In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...

Blundered CBE Plunders Privacy Naming, Blaming and Shaming for a Glitch's Recovery

Apr 6 , 2024

In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Betting on Virtual Solutions for Real Impact

Since graduating from law school, I have attended countless women's conferences and w...

Hunger's Grip on Mothers, Children of Addis Abeba

I witnessed a scene that left me heartbroken at the health centre. Several mothers w...

Life Matters

Offsetting Recognition vs. Anonymity

Engrossed in thought, I was abruptly pulled back to reality by a booming male voice....

Untapped Potential of Online Commerce

A young woman residing in Addis Abeba, found herself captivated by the potential of o...

Back
WhatsApp
Telegram
Email