Learn more

The International Monetary Fund, on Monday, approved a Special Drawing Rights (SDR) 2.556 billion ( US$3.4 billion) Extended Credit Facility for the East African nation of Ethiopia. This is coming shortly after the country allowed its currency to trade freely. With this new loan comes some key economic policies that are intended to enhance the country’s private sector. IMF approved a $3.4 billion Extended Credit Facility for Ethiopia.The loan is intended to enhance the country’s private sector and address macroeconomic imbalances.Ethiopia allowed its currency to trade freely to secure funding …

cuu