• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Ethiopia seeks $2bn under IMF programme

Ethiopia

The Matters Press by The Matters Press
April 16, 2023
Reading Time: 2 mins read
0
Economists Challenge IMF on call for further VAT increase in Nigeria

Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform programme, four sources familiar with the matter told Reuters.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

The IMF is still working on assessing the country’s debt sustainability after a request for a programme equivalent to about 500 percent of the size of its stake in the global lender, the sources said this week on condition of anonymity because the talks are private.

In this first debt analysis, the IMF calculated that Ethiopia is set to face a financing gap of at least $6 billion until 2026, according to two sources close to the negotiations. That would still leave a funding hole of roughly $4 billion over that period should the country succeed in securing the amount under discussion.

Talks are still ongoing in Washington this week during the IMF and World Bank Spring Meetings. An IMF staff mission visited Addis Ababa from March 27 to April 7.

“The scope of the support for Ethiopia is yet not set in stone, both parts are still working on the debt sustainability analysis,” one of the sources said.

An IMF spokesperson did not immediately reply to a request for comment.

Ethiopia’s State Finance Minister Eyob Tekalign Tolina and central bank chief Mamo Mihretu also did not immediately respond to Reuters’ requests for comment.

Africa’s second-most populous country in early 2021 requested a broader debt rework under the Group of 20’s Common Framework, an initiative for restructuring government debt aimed at low-income countries. But progress has been complicated by a two-year civil war that broke out in the country’s northern Tigray region in November 2020, leading to the deaths of thousands of people and displacing millions more.

Juba is choosing to lobby behind the scenes to members of the UN Security Council while Somalia is publicly calling for the lifting. Published by The EastAfrican

Tags: Ethiopia
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
SEC frowns at resurgence of Ponzi schemes

SEC begins sensitisation on National Savings Strategy

NECA on how to address Nigeria’s economic challenges

Tax hike will bring hardship to individuals, businesses, NECA warns

Recommended Stories

South Africa in load shedding to manage dip in power

Nigeria records increase in electricity consumers

September 8, 2023
DANA Air suspended

DANA Air suspended

July 21, 2022
FCCPC, Shippers’ Council sign agreement for fair competition

FCCPC to address anti-competitive conduct by market associations

July 19, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us