Ethiopia secures $3.4 billion IMF deal after floating Birr currency – Firstpost
The Horn-of-Africa nation, which is struggling with high inflation and chronic foreign currency shortages, became the third economy on the...
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Ethiopia currency slides as central bank eases forex curbs | World News
Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw...
Ethiopia Says It Will Float Currency Under Economic Reform Plan
(Bloomberg) -- Ethiopia plans to float its currency, the birr, as part of ongoing macroeconomic reforms, according to Prime Minister...
Ethiopia, UAE ink currency swap deal
Ethiopia, facing a significant foreign exchange shortage, signed a currency swap agreement with the United Arab Emirates, a joint statement...
Ethiopia finalises banking liberalisation rules as foreign currency challenges mount
Ethiopia reached an agreement with bilateral creditors on an interim debt-service suspension in mid-November, and has indicated it will begin talks on the restructuring of a $1bn eurobond that matures in 2024. But what impact will this have on the Ethiopian economy in the immediate future?Since applying for treatment under the Common Framework in early 2021, Ethiopia remained current on its external debt obligations. However, Ethiopia has faced payments pressures recently, compounded by recent and successive global and domestic shocks. The agreed interim debt service suspension will provide a structured mechanism...