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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Staff Visit Discusses Reform Plans and Economic Developments in Ethiopia

The authorities aim to address macroeconomic imbalances and remain committed to structural reforms to support a transition to private sector-led growth over the medium term

Multiple shocks hitting the Ethiopian economy have dampened growth, further increased inflation and created fiscal and external pressures; The authorities aim to address macroeconomic imbalances and remain committed to structural reforms to support a transition to private sector-led growth over the medium term; Delivery of a debt treatment for Ethiopia…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - Ethiopia: International Monetary Fund (IMF) reaches a Staff-Level Agreement for the First Review of the Extended Credit Facility-Extended Fund Facility for Ethiopia

The COVID-19 pandemic has had a significant adverse impact on Ethiopia and created serious health and economic challenges

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a virtual visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus: Ethiopia steps up Health Spending with help from International Monetary Fund (IMF) Emergency Assistance

The funding will also support communication on health issues as combating COVID-19 will require a lot of advocacy work to ensure that people stick to prevention recommendations

The IMF has approved $411 million in emergency assistance for Ethiopia to help fight the coronavirus pandemic in the east African country. It also approved Ethiopia’s request for a suspension of debt service payments of about $12 million to the IMF under the IMF's Catastrophe Containment and Relief Trust for…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - Ethiopia: International Monetary Fund (IMF) Executive Board approves US$411 Million in Emergency Assistance to Ethiopia to address the COVID-19 Pandemic

The authorities have taken swift and decisive action to contain the impact of COVID-19 by strengthening the health system

Ethiopia is facing a pronounced economic slowdown and an urgent balance of payments need owing to the COVID-19 pandemic; to address this urgent need, the IMF approved US$411 million emergency assistance for Ethiopia under the Rapid Financing Instrument. The country will also benefit from IMF debt service relief under the…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board concludes 2019 Article IV Consultation with The Federal Democratic Republic of Ethiopia

Ethiopia has sustained high economic growth over the last decade

On December 20, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with The Federal Democratic Republic of Ethiopia. At the same time, the Board approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Ethiopia; a…

International Monetary Fund (IMF)

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    • Local market in Ethiopia. The IMF program aims to support the Ethiopian government’s own Homegrown Economic Reform Program, which is designed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth (photo: slavemotion/iStockphoto)
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Source: International Monetary Fund (IMF) |

Six things to know about Ethiopia's New Program

The program is aimed at supporting the Ethiopian government’s own Homegrown Economic Reform Program

The IMF has approved a program for Ethiopia of almost US$3 billion. The program is aimed at supporting the Ethiopian government’s own Homegrown Economic Reform Program, which is designed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth. The authorities want the economy to transition away…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2019 Article IV Consultation with Djibouti

The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures

On September 30, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Djibouti. The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures with the aim of positioning Djibouti as a regional trade and logistics hub. Combined with reforms to…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes First Review under the Staff-Monitored Program for Somalia

The IMF team and the Somali authorities reached a staff-level agreement on the completion of the first review

Somali authorities and IMF staff reach a staff-level agreement on the completion of the first review of the fourth Staff-Monitored Program (SMP IV); authorities’ continued strong commitment to economic and financial reform is supporting satisfactory performance under SMP IV. An International Monetary Fund (IMF) staff team led by Allison Holland visited…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2019 Article IV Consultation with the State of Eritrea

Eritrea has recently emerged from a long period of conflict and international sanctions, which together deprived the country of vital investment, trading opportunities and external support

On July 22, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with the State of Eritrea. Eritrea has recently emerged from a long period of conflict and international sanctions, which together deprived the country of vital investment, trading opportunities and external support, and left…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Eritrea: International Monetary Fund (IMF) Staff completes 2019 Article IV Mission

Eritrea is in a difficult economic situation following an extended period of international isolation and emergency measures to manage the economy

The peace agreement with Ethiopia and lifting of international sanctions provide a welcome opportunity for Eritrea to build an impetus for economic development; Eritrea is in a difficult economic situation following an extended period of international isolation and emergency measures to manage the economy; the IMF stands ready to support economic…