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Category: Business

Highlights of IMF Extended Credit Facility Report for Ethiopia

July 30, 2024

The International Monetary Fund (IMF) has highlighted the commitment of the Ethiopian government to address macroeconomic imbalances, restore external debt sustainability, and lay the foundation for high, private sector-led growth.

Following Prime Mi…

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World Bank Backs Ethiopia’s Reforms to Promote Sustainable, Inclusive Growth

July 30, 2024

The World Bank’s Board of Executive Directors approved today the Ethiopia First Sustainable and Inclusive Growth Development Policy Operation to support home-grown reforms that will ultimately help the country transition to a more inclusive economy, a…

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Cuba Seeks to Deepen Ties with Ethiopia, Praises Economic Progress

July 30, 2024

Cuba’s Deputy Minister of Foreign Affairs, Elio E. Rodriguez Perdomo, emphasized the historical bonds between Cuba and Ethiopia while expressing admiration for Ethiopia’s economic strides and outlining plans for enhanced cooperation.

In an exclusive …

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Chinese Journalists Highlights Importance of BRICS to Bolster Ties between Ethiopia, China in Media

July 30, 2024

Chinese Journalists highlighted the importance of the BRICS bloc to strengthen media partnership between Ethiopia and China for the benefit of the countries.

Chinese media delegation drawn from the leading Chinese Peoples’ Daily Newspaper is in Addis…

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IMF Approves Four-Year 3.4 Billion USD Extended Credit Facility Arrangement for Ethiopia

July 29, 2024

Addis Ababa: The International Monitory Fund (IMF) executive board has approved a four-year 3.4 billion US dollars extended credit facility arrangement for Ethiopia.

The four-year financing package will support the Homegrown Economic Reform (HGER) Ag…

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Chinese Journalists Enthralled with Development in Ethiopia, Ethio-China Closest Partnership

July 29, 2024

Addis Ababa: Journalists from People’s Daily, a leading Chinese national newspaper, have been thrilled by Ethiopia’s development endeavors and the sound partnership between the two countries.

These journalists, who are recently in Ethiopia, have been…

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