The International Monetary Fund (IMF) headquarters building is seen in Washington, U.S., April 8, 2019. (Reuters)By Reuters | Saturday, October 19, 2024Both sides announced a staff-level agreement on the review late last month, which was then submitted to the board for consideration. The executive board of the International Monetary Fund approved the first review of Ethiopia's $3.4 billion lending programme, the fund said on Friday, paving the way for a $340.7 million disbursement. Both sides announced a staff-level agreement on the review late last month, which was then submitted to the board for consideration. The IMF scheduled an unusually fast pace of reviews of Ethiopia's current program in order to closely monitor the impact of reforms, especially on the foreign exchange side.

Source: Daily Nation October 19, 2024 18:33 UTC