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Tag: IMF relief to Ethiopia

Ethiopia receives IMF relief after easing forex curbs

Posted on July 31, 2024 By admin
Ethiopia receives IMF relief after easing forex curbs

Ethiopia’s currency plunged by 30% after the central bank sought an IMF bailout. | Photo Credit: AFP Cash-strapped ased foreign exchange curbs on Monday as part of a broad economic reform package as the International Monetary Fund approved a loan to the Horn of Africa nation seeking a multibillion-dollar bailout. The value of the local…

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