Ethiopia Secures IMF Financing

The

has sanctioned a 14-month standby arrangement of $240.6 million with Ethiopia. The money, which will be drawn from the fund's exogenous shocks facility, will help improve the nation's balance of payments, which was adversely affected by the global economic slump.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.