IMF reaches staff-level agreement on Ethiopia's fourth review

The International Monetary Fund has reached a staff-level agreement with Ethiopia on the fourth review of its $3.4 billion Extended Credit Facility arrangement. This agreement paves the way for a $261 million disbursement, bringing total financial assistance to $2.13 billion. The IMF urged continued forex reforms and fiscal discipline to support economic stability.

The International Monetary Fund (IMF) has reached a staff-level agreement with Ethiopia on the fourth review of its Extended Credit Facility (ECF) arrangement, valued at $3.4 billion and approved in July 2024. This paves the way for a $261 million disbursement, pending approval by the IMF Executive Board in the coming weeks, bringing total assistance under the program to $2.13 billion—about 62 percent of the approved amount.

Ethiopia's government accessed debt relief support in July 2024 to restructure external debt. The IMF report notes progress under the G20 Common Framework to address debt sustainability, though challenges persist with a $1 billion Eurobond and disagreements among two major creditors on debt treatment amounts.

The IMF staff team, led by Alvaro Piris, visited Addis Ababa from October 20 to November 4, 2025 (Ethiopian calendar), holding discussions. The team met with Finance Minister Ahmed Shide, National Bank of Ethiopia Governor Eyob Tekalgn, and other senior officials. As Piris stated, “Maintaining a tight monetary policy stance remains appropriate to anchor inflation expectations and support price stability.”

Under the government's Homegrown Economic Reform Agenda, growth has accelerated since mid-2024, bolstered by strong performance in gold, electricity, and agriculture. Goods exports have more than doubled in value, inflation has moderated, and government revenue has expanded significantly. Authorities are advancing reforms to improve the foreign exchange market, modernize the monetary policy framework, strengthen revenue mobilization, and enhance financial regulations. The IMF emphasized continuing these efforts to foster private sector investment by strengthening the business climate, ensuring macroeconomic stability, and reducing poverty in the medium term.

Artículos relacionados

The International Monetary Fund's Executive Board has approved a $261 million disbursement to Ethiopia after completing the fourth review of its Extended Credit Facility program. This raises the total funding under the four-year, $3.4 billion initiative to $2.183 billion, aiding the country's balance of payments and fiscal needs. The decision endorses Ethiopia's progress in economic reforms aimed at macroeconomic stability and private sector growth.

Reportado por IA

El Fondo Monetario Internacional anunció en un comunicado del martes que Egipto ha aprobado las quinta y sexta revisiones de su programa de préstamo de 8.000 millones de dólares estadounidenses. Esto se produce después de que la quinta revisión se estancara durante meses debido a los lentos esfuerzos de privatización. El fondo elogió el desempeño económico de Egipto mientras pide reformas aceleradas.

Egipto ha asegurado 9.500 millones de dólares en financiación concesional para apoyar su presupuesto estatal desde principios de 2023, vinculada a reformas estructurales y sectoriales, anunció la ministra de Planificación, Desarrollo Económico y Cooperación Internacional Rania Al-Mashat. Subrayó que las reformas que promueven el crecimiento y el empleo continuarán mientras el país pasa de abordar desafíos a construir estabilidad.

Reportado por IA

Basándose en anuncios recientes en foros de inversores, el ministro de Inversión de Egipto, Hassan El-Khatib, informó a una delegación de Moody's Ratings que el país busca duplicar la inversión directa extranjera anual a 24.000 millones de dólares mediante reformas estructurales en políticas económicas, monetarias y fiscales.

 

 

 

Este sitio web utiliza cookies

Utilizamos cookies para análisis con el fin de mejorar nuestro sitio. Lee nuestra política de privacidad para más información.
Rechazar