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

Fortune Logo

No Deal with IMF Over Bailout Package

Apr 3 , 2024

Ethiopian authorities have failed to reach an agreement with a team of the International Monetary Fund (IMF) staff, after talks in Addis Abeba were concluded yesterday.

Led by Alvaro Piris, the team returned to Washington D.C., after 10 days of negotiations, hoping to continue discussions during IMF-World Bank spring meeting next month.

A statement the team issued yesterday stated that "significant progress" was achieved during the talks over the past two weeks. However, issues such as liberalising the foreign exchange market, consolidation of budget, speed of the reforms to be implemented, and phases of loan disbursement remain sticky issues, according to people familiar with the discussions.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Container Ships Keep Global Trade Afloat While the World Looks Away

Shipping is often overlooked as a foundation of global trade. Consumers easily recogn...

Climate Displacement Is Also a Health Crisis

Every year, 21.5 million people are forcibly displaced by floods, droughts, wildfires...

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

Addis Abeba's Costly Pursuit of Prosperity Bulldozes Dreams on Bargain Prices

Feb 1 , 2025

Urban renewal is seldom gentle to those on the receiving end of redevelopment. Take s...

Birr in Tumble, Reform Rhetoric Meets Bitter Economic Realities

Jan 25 , 2025

Grand ambitions have long driven Ethiopia's successive leaders, but they remain weigh...

Breaking the Chains to Protect the Vulnerable During Painful Reforms

Jan 18 , 2025

Adanech Abebie, the mayor of Addis Abeba, addressed last week a warm-up session for h...

Banks Struggle to Lend as Branches Bloom, Coffers Wither

A severe cash shortage squeezes the economy, and the deposit-to-loan ratio has slumpe...

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

The Vanishing Reverence for Marriage

Marriage is meant to be a lifelong bond, built on love, trust, and commitment. It is...

Wash Hands, Save Lives

In a world scarred by health crises like COVID-19, one might expect handwashing to be a universal habit. Yet, many still neglect this simple...

Life Matters

When Taxi Rides Become Unexpected Fare Collection Hassles

There was a time when taxi rides were moments of peaceful relaxation. I would lean back, sometimes fall a...

Breaking Stereotypes, Redefining Masculinity for a Just Society

A recent altercation in my neighbourhood has made me reflect on the complexities of conflict, especially...