IMF commends Ethiopian central bank’s reforms
Institution says NBE’s measures helped country make progress in debt restructuring talks
The International Monetary Fund has commended the National Bank of Ethiopia (NBE) for implementing reforms that expedited the country’s debt restructuring talks.
The IMF on January 17 completed a second review of its $3.4 billion funding package to Ethiopia. The institution disbursed $248 million to the country, bringing its total amount of transfers there to $1.61 billion.
“The transition to a flexible exchange rate has advanced further, supported by macroeconomic and foreign exchange market
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