Ethopia: IMF approves $248 million disbursement for Ethiopia under $3.4 billion ECF arrangement

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Published on 2025-01-18 08:24:59

Prime Minister Abiy Ahmed (right) holds a discussion with IMF Managing Director, Kristalina Georgieva (left) (Photo: PM Office))

Addis Abeba– The International Monetary Fund (IMF) announced the completion of its second review of Ethiopia’s $3.4 billion Extended Credit Facility (ECF) arrangement, enabling an immediate disbursement of about $248 million. Announced on January 17, 2025, the decision brings total disbursements under the program to $1.611 billion.

The IMF stated that “implementation of ECF-supported reforms is advancing…

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