IMF completes second review of extended credit facility, unlocks $248 million
The International Monetary Fund (IMF) Executive Board has completed the second review of Ethiopia’s Extended Credit Facility (ECF), enabling the country to access approximately $248 million to support its balance of payments needs. This decision marks a significant milestone in Ethiopia’s economic reform journey, following the ECF’s approval in July 2024 as part of a broader $10.7 billion support package from development partners and creditors.
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Source: capitalethiopia
@Ethiopianbusinessdaily
The International Monetary Fund (IMF) Executive Board has completed the second review of Ethiopia’s Extended Credit Facility (ECF), enabling the country to access approximately $248 million to support its balance of payments needs. This decision marks a significant milestone in Ethiopia’s economic reform journey, following the ECF’s approval in July 2024 as part of a broader $10.7 billion support package from development partners and creditors.
Read More
Source: capitalethiopia
@Ethiopianbusinessdaily