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

Fortune Logo

Dec 14 , 2019

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.

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.




PUBLISHED ON Dec 14,2019 [ VOL 20 , NO 1024]

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.



Related Posts

Editors' Pick

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transportin...

Fortune News

Study Reveals Higher Education Quality Crisis, Calls for Reform

Jul 13 , 2024 . By MUNIR SHEMSU

The cracks in Ethiopia's higher education system were laid bare during a synthesis re...

Fortune News

Authority Bets on Price Adjustment Manual to Tackle Construction Delays

Jul 13 , 2024 . By AKSAH ITALO

Construction authorities have unveiled a price adjustment implementation manual for s...

Commentaries

Construction Sector's Ambitious Skylines, Fragile Foundations Could Lead to a Costly Legacy

The construction sector has been booming for nearly two decades, with new housing dev...

The World's Babies Need Antibiotics, Not Just Vaccines

Over the last half-century, the number of children who die before reaching the age of...

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

During Taxing Times, Tax Hunt Tests the Limits of an Unsteady Economy

Nov 23 , 2024

The fiscal puzzle deepens as the Council of Ministers approved a supplementary budget...

Bound by Debt, Government's Costly Love Affair with State Bloat

Nov 16 , 2024

In the realm of public finance, balance sheets speak louder than rhetoric. In such do...

Policy Bargain in Franco Valuta a Double-Edged Sword in the Forex Debacle

Nov 9 , 2024

Ethiopia's foreign exchange debacle resembles a tangled web of contradictions and con...

Addis Abeba Withering as Noise, Air Pollutions Choke the 'New Flower'

Nov 2 , 2024

Addis Abeba, fondly dubbed a 'New Flower,' is wilting under the weight of unchecked u...

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

Beyond the Gates of Society's Neglect

Returning to social media after a three-year hiatus, I anticipated updates from frien...

Finding My Body Back, A Year Later

For many women, becoming a mother is a transformative experience that reshapes our priorities, self-perception, and connection to our bodies...

Life Matters

Hunger With Ambitions to End It

I was returning from dropping my son off at school when I saw a young mother huddled on a rough stone by the roadside. Her infant was strapp...

Human Face of Public Service

There are certain promises we make to ourselves—things we swear never to do again. I had made such a promise about taking the city bus. An...

Back
WhatsApp
Telegram
Email