Ethopia: Ethiopia to receive additional $251 million from IMF following staff-level agreement on second review of $3.4 billion ECF deal

Addis Abeba – Ethiopia is poised to receive an additional US$251 million from the International Monetary Fund (IMF) as part of a four-year, $3.4 billion Extended Credit Facility (ECF) arrangement finalized four months ago.

In a statement released on 27 November, 2024, the IMF announced that its staff and Ethiopian authorities have reached a staff-level…