A source close to the issue informed Addis Standard, that the government is currently seeking comparable financial assistance from the IMF and the World Bank to that provided three years ago. A few months ago, the central bank made an offer to provide five banking licenses to foreign investors over the course of five years. The conclusion of the discussion with 27 donor organizations under the DAG banner is encouraging for Ethiopia, which is currently facing a chronic shortage of foreign currency. Following the request of the Ethiopian government, the Bretton Woods Institutions expressed their willingness to provide financial assistance subject to certain conditions. Recently, Julie Kozack, director of communications at the IMF, said that discussions are ongoing on economic policies and reforms that could potentially be supported under an IMF program.

Source: Ethiopian News June 21, 2023 09:37 UTC