Photo Gallery | 97500 Views | May 06,2019
Dec 21 , 2019
The Executive Board of the IMF has approved 2.9 billion dollars in loans to support Ethiopia's economic reform programme.
The Executive Board of the IMF has approved 2.9 billion dollars in loans to support Ethiopia's economic reform programme. To be disbursed over a three-year period, the loans have a near zero interest rate, a 10-year repayment period and a five-year grace period.
The IMF will release 308.4 million dollars right after the deal is signed, according to the IMF.
"A financial arrangement with the Fund will support the authorities’ plan, helping to catalyze concessional financing from other development partners," said David Lipton, first deputy managing director. "The programme aims to address foreign exchange shortages and external imbalances; reform state-owned enterprises (SOEs); safeguard financial stability; and strengthen domestic revenue mobilization."
Photo Gallery | 97500 Views | May 06,2019
Photo Gallery | 89733 Views | Apr 26,2019
My Opinion | 67423 Views | Aug 14,2021
Commentaries | 65849 Views | Oct 02,2021
May 2 , 2024
For successive generations of Ethiopia's tax authorities, the chore of tax collection...
Apr 27 , 2024
The Prosperity Party (PP) - Prosperitians - is charting a course through treacherous...
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...