IMF to give Ethiopia $468m

The headquarters of the International Monetary Fund (IMF) in Washington, USA.

Photo credit: Reuters

Ethiopia is set to receive a further $468 million from the International Monetary Fund (IMF) to meet its fiscal and balance of payments needs.

This is after IMF and Addis reached a staff-level agreement on the fifth review of the $3.4 billion Extended Credit Facility (ECF) programme.