Warning: session_start(): open(/opt/alt/php72/var/lib/php/session/sess_87212e1ecadb527c2614e87367ab943a, O_RDWR) failed: Disk quota exceeded (122) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php72/var/lib/php/session) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83
IMF Approves Immediate Disbursement Of 248 Million USD To Ethiopia | World News - Awaj Ludhiana Ki
Tuesday, July 8, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home International

IMF Approves Immediate Disbursement Of 248 Million USD To Ethiopia | World News

by author
January 19, 2025
in International
0
IMF Approves Immediate Disbursement Of 248 Million USD To Ethiopia | World News
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter


Addis Ababa: The Executive Board of the International Monetary Fund (IMF) has approved an immediate disbursement of about 248 million U.S. dollars to Ethiopia to help the East African country meet its balance of payments needs.

The decision came after the IMF held its second review of the 48-month Extended Credit Facility (ECF) for Ethiopia, according to an IMF statement, the state-run Ethiopian News Agency reported Saturday. The disbursement is a part of Ethiopia’s ECF arrangement for a total of about 3.4 billion U.S. dollars, which was approved in late July last year, Xinhua news agency reported.

The four-year financing package intends to support Ethiopia’s Homegrown Economic Reform Agenda with the aim of addressing macroeconomic imbalances, restoring external debt sustainability, and laying the foundations for higher, inclusive, and private sector-led growth.

The statement noted that the country’s foreign exchange market functioning has improved amid significant policy actions taken by the government. Progress in raising domestic fiscal revenues, strengthening state-owned enterprises, and anchoring financial stability is promising, while the modernisation of the country’s monetary policy framework is advancing.

The IMF’s statement also stressed the need for Ethiopian authorities to continue their efforts to restore debt sustainability, expand social safety nets, and mitigate the impact of the reform on vulnerable people.

Progress On Key Reforms

Foreign Exchange Market: 

The authorities have implemented significant policy actions to enhance market efficiency and narrow the parallel market premium to single digits. Restricting the NBE’s foreign exchange interventions and moving toward a more flexible exchange rate regime are helping improve transparency and stability.

Monetary Policy: 

Tight monetary and financial conditions have been maintained to tackle inflationary pressures and reduce macroeconomic imbalances. Reaching a positive real interest rate is a key goal to anchor inflation expectations and support credibility in the new monetary policy framework.

Fiscal Policy: 

A supplementary budget approved in late November 2024 remains consistent with program targets. Ongoing efforts to expand the Productive Safety Net Program (PSNP) will protect vulnerable households, while measures like fuel price adjustments and VAT/excise tax reforms aim to bolster domestic revenue, thereby creating room for social and development spending.

Financial Sector Stability: 

Modernizing bank regulations, strengthening supervision, and closely monitoring non-performing loans are central to safeguarding financial stability. The authorities plan to remove the credit growth cap and adjust policy rates in a carefully sequenced manner to maintain orderly market conditions.

Debt Sustainability:

Ethiopia is pursuing a debt treatment under the G20 Common Framework, and negotiations have progressed with the Official Creditor Committee. Additional discussions with Eurobond holders and other external commercial creditors are underway to secure comparability of treatment. The IMF welcomes these efforts as critical steps toward restoring debt sustainability.



Source link

Related posts

Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News

Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News

July 8, 2025
From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord

From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord

July 7, 2025
Previous Post

‘Mommy, I Think I’m Going To Die’: The Haunting Story Of Three Israelis Handed Over By Hamas Today | World News

Next Post

Toyota prioritises energy mix based on infra and customer needs in India, ET Auto

Related Posts

Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News
International

Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News

July 8, 2025
From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord
International

From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord

July 7, 2025
Why Argentina Collapsed 7 Times? PM Modi’s Visit Revives The Story Of A Fallen Nation That Was Richer Than Europe | World News
International

Why Argentina Collapsed 7 Times? PM Modi’s Visit Revives The Story Of A Fallen Nation That Was Richer Than Europe | World News

July 7, 2025
Indians In UAE Gave Up Citizenship, Paid Big For ‘Second Passport’ – Now The West Is Locking Them Out | World News
International

Indians In UAE Gave Up Citizenship, Paid Big For ‘Second Passport’ – Now The West Is Locking Them Out | World News

July 7, 2025
Fake Images To Fragile Fleet: Pakistani Navy Stares At Unprecedented Crisis As India Marches Ahead | World News
International

Fake Images To Fragile Fleet: Pakistani Navy Stares At Unprecedented Crisis As India Marches Ahead | World News

July 7, 2025
Israel-Hamas Truce Talks Continue In Qatar Ahead Of Netanyahu-Trump Meet | World News
International

Israel-Hamas Truce Talks Continue In Qatar Ahead Of Netanyahu-Trump Meet | World News

July 7, 2025
Next Post
Toyota prioritises energy mix based on infra and customer needs in India, ET Auto

Toyota prioritises energy mix based on infra and customer needs in India, ET Auto

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Bumble’s first date with the public markets – TechCrunch

Bumble’s first date with the public markets – TechCrunch

4 years ago
No Covaxin available for second doses to 45+ category after Monday: AAP MLA Atishi | India News

No Covaxin available for second doses to 45+ category after Monday: AAP MLA Atishi | India News

4 years ago
Afghanistan – A country delivered or sunk into chaos

Afghanistan – A country delivered or sunk into chaos

4 years ago
Ahead of Quad summit, China says US’ Indo-Pacific strategy ‘bound to fail’

Ahead of Quad summit, China says US’ Indo-Pacific strategy ‘bound to fail’

3 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News
  • From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord
  • UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support
  • Why Argentina Collapsed 7 Times? PM Modi’s Visit Revives The Story Of A Fallen Nation That Was Richer Than Europe | World News
  • Indians In UAE Gave Up Citizenship, Paid Big For ‘Second Passport’ – Now The West Is Locking Them Out | World News

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

contact@awajludhianaki.org

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In