IMF announces completion of reviews to extend Ethiopia’s loan programme – Reuters

(Reuters) The International Monetary Fund said on Tuesday it had agreed a blueprint for the completion of reviews of Ethiopia’s loan programme, taking account of the impact of the coronavirus and the country’s “domestic security situation” Agreed in December 2019, the three-year programme is worth $2.9 billion. Performance under it has been strong, the IMF said. The reviews, whose timetable the fund did not outline, were “focused on balancing the need to address ongoing challenges created by the pandemic and domestic security” while laying the foundation for growth, IMF Deputy Division Chief Sonali Jain-Chandra said in a statement.[…]CONTINUE READING

IMF announces completion of reviews to extend Ethiopia’s loan programme – Reuters

(Reuters) The International Monetary Fund said on Tuesday it had agreed a blueprint for the completion of reviews of Ethiopia’s loan programme, taking account of the impact of the coronavirus and the country’s “domestic security situation”

Agreed in December 2019, the three-year programme is worth $2.9 billion. Performance under it has been strong, the IMF said.

The reviews, whose timetable the fund did not outline, were “focused on balancing the need to address ongoing challenges created by the pandemic and domestic security” while laying the foundation for growth, IMF Deputy Division Chief Sonali Jain-Chandra said in a statement.[…]CONTINUE READING