Ethopia: IMF, Ethiopia reach staff-level agreement on first review of $3.4 billion ECF program

Addis Abeba – The International Monetary Fund (IMF) announced on Friday that it had reached a staff-level agreement with Ethiopian authorities on the first review of the country’s four-year, $3.4 billion Extended Credit Facility (ECF) program.

The IMF confirmed that the agreement is subject to approval by its management and Executive Board in the coming weeks, which would allow Ethiopia to access approximately…