
Sponsored Contents | May 03,2022
Oct 12 , 2021
Ethiopia is one of 24 low-income countries to receive the fourth tranche of debt relief from the IMF under the Catastrophe Containment & Relief Trust (CCRT) programme.
The initiative is designed to help the poorest and most vulnerable members withstand the impacts of COVID-19.
“This debt service relief helps free up scarce financial resources for vital health, social, and economic support to mitigate the impact of the COVID-19 pandemic,” reads a statement from the IMF.
Provided from January 11 to April 13, 2022, the countries would receive 124 million dollars in the fourth tranche, bringing the total to 973 million dollars. Ethiopia's share is 19.1 million dollars.
Recently, Ethiopia secured a sum of 408 million dollars under the Special Drawing Rights (SDR) programme of the IMF.
Earlier last month, the African Export-Import Bank (Afreximbank) also committed to provide a half a billion dollar loan facility to support commercial banks in the country through its trade facilitation programme.
Sponsored Contents | May 03,2022
Radar | Apr 25,2020
Fortune News | May 09,2020
Viewpoints | Sep 03,2022
Editorial | Mar 30,2024
My Opinion | 131507 Views | Aug 14,2021
My Opinion | 127863 Views | Aug 21,2021
My Opinion | 125841 Views | Sep 10,2021
My Opinion | 123471 Views | Aug 07,2021
Jun 28 , 2025
Meseret Damtie, the assertive auditor general, has never been shy about naming names...
Jun 21 , 2025
A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...
Jun 14 , 2025
Yet again, the Horn of Africa is bracing for trouble. A region already frayed by wars...
Jun 7 , 2025
Few promises shine brighter in Addis Abeba than the pledge of a roof for every family...