Economy
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Ethiopia to receive additional $251 million from IMF following staff-level agreement on second review of $3.4 billion ECF deal
Kristalina Georgieva, Managing Director of the International Monetary Fund (left), and Ahmed Shide, Ethiopia’s Minister of Finance (Photo: Embassy of…
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Council of Ministers approves nearly 600 billion birr supplement, raising total budget to 1.5 trillion birr
(Photo: Office of the Prime Minister) Addis Abeba – The Council of Ministers has authorized a substantial supplementary funding of 581.98 billion…
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Ethiopia pushes for swift debt restructuring with new proposal, calls for global financial system reform
During the Global Sovereign Debt Roundtable on 25 October 2024, Eyob Tekaligne, Ethiopia’s State Minister for Finance, presented a new…
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Central bank unveils $175 million sale to fund fuel imports via foreign exchange market
Mamo Mihretu, governor of the National Bank of Ethiopia (Photo: NBE/Facebook) Addis Abeba –In an effort to address upcoming fuel-related import…
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China Opens Doors Wide: Ethiopia set to tap massive consumer market as second-biggest economy introduces zero-tariff policy
(Photo: Ethiopian Embassy in Beijing/Facebook) By Abdi Biyenssa @ABiyenssa Addis Abeba – In a landmark decision announced at the recently held 2024 Summit…
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Ethiopia’s Currency Market: A fragile convergence and the path to stability
The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) By Abraham Asfaw (PhD) @abrishAbebe Addis Abeba – It has…
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Authorities report significant narrowing of official-parallel market gap a month after reform; launch new remittance campaign to spur foreign market convergence
Mamo Mihretu, governor of the National Bank of Ethiopia (Photo: ENA) Addis Abeba – A month following Ethiopia’s transition from a fixed…
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Finance Ministry grants VAT exemption on initial 200 kWh of electricity, 15 cubic meters of water consumption
Headquarters of the Ministry of Finance (Photo: Social Media) Addis Abeba – The Ministry of Finance (MoF) has issued a new directive…
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Ethiopia’s unprecedented macroeconomic reform and future uncertainties
The local currency value fell by 100% two weeks into the forex regime reform (Illustration: Addis Standard) By Adunya Zerihun…
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Price hikes amid stringent gov’t measures left consumers in Addis Abeba anxious, uncertain
Addis Abeba has seen a significant rise in prices for a range of consumer goods following new forex regime (Photo:…
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