Macroeconomic reform
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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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PM Abiy hails recent macroeconomic reforms as foundation for an era of sustainable growth amid ‘unintended’ outcomes
(Photo: HoPR) Addis Abeba – Prime Minister Abiy Ahmed touted the success of the macroeconomic reforms introduced in late July by his…
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Ethiopia’s Economic Gamble: Birr battles inflation, instability, and austerity
Headquarters of the National Bank of Ethiopia (Photo: Addis Fortune) By Beneal Walker Addis Abeba – Historically, Ethiopia’s birr (ETB) has been…
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Central bank caps forex spread to 2%, tightens transparency on FX fees
The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) Addis Abeba – The National Bank of Ethiopia…
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Importers ‘unable’ to use approved foreign currency; CBE reports only 28% of hard currency allocation utilized post-reform
(Photo: AFP) Addis Abeba – Since the introduction of new macroeconomic reforms in late July 2024, less than one-third of the $282…
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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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