Ethiopia’s IMF Deal Could Materialize by Q1 2024
Ratings agency S&P Global expects Ethiopia could finalize an agreement with the International Monetary Fund (IMF) by the first quarter of 2024. However, S&P noted that full disbursements by the IMF would require financing assurances from Ethiopia’s official bilateral creditors. On December 15, S&P downgraded Ethiopia’s long-term foreign and local currency ratings to ‘SD/SD’ (selective […]
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