The International Monetary Fund (IMF) board has approved an immediate disbursement of $248 million for Ethiopia after completing the second review under the Extended Credit Facility (ECF).
According to a statement on January 17, the total amount released under the agreement now stands at about $1.61 billion. The newly disbursed resources will help Ethiopia cover its balance of payments needs. The goal is to assist the country in implementing its local economic reform program (HGER), addressing economic imbalances, and laying the foundation for growth driven by the private sector.
For more information, please see https://www.ecofinagency.com/public-management/2001-46340-imf-approves-immediate-release-of-248mln-for-ethiopia