NEW YORK, May 11 (Reuters) – The International Monetary Fund is in talks with Ethiopian authorities and any new program will require financial guarantees from creditors, a spokeswoman said on Thursday. The fund “welcomed” progress toward restoring lasting peace in the East African country, as well as the authorities’ “homegrown economic reform agenda,” spokeswoman Julie Kozack said at a scheduled press conference. She added that any new program between the two would require “clear commitments from development partners and funding guarantees from creditors under the G-20 Common Framework.”(reporting by Rodrigo Campos)

Source: Ethiopian News May 11, 2023 22:54 UTC