IMF approves new $261 million disbursement for Ethiopia

The International Monetary Fund has approved a new disbursement of 261 million US dollars for Ethiopia, after completing the fourth review of the country’s 48‑month Extended Credit Facility.

The money will help Ethiopia cover its balance of payments and budget needs, bringing total IMF disbursements under the programme to just over 2.18 billion dollars.

According to the Fund, Ethiopia’s economy is performing better than expected,…