Ethiopia has earmarked several billion dollars to cushion the cost-of-living impact of economic reforms being implemented to win support from the International Monetary Fund. It plans 550 billion birr ($5.9 billion) in additional spending, of which 40% will go into food, fuel and fertilizer subsidies, as well as increasing salaries for government workers, according to Eyob Tekalign Tolina, state minister in the finance ministry.

Source: Ethiopian News August 05, 2024 17:25 UTC