The International Monetary Fund (IMF) has announced its intention to conduct another mission visit to Ethiopia in the coming weeks, responding to a request for financial assistance from the Ethiopian authorities.
The request seeks to address significant challenges facing the country, including food security, humanitarian needs, post-conflict reconstruction, and high inflation.
It also aims to support Ethiopia's homegrown Economic Reform Agenda, which holds the potential to fulfill the nation's considerable economic aspirations.
"A mission in October made good progress on how the IMF could support the authority's economic program and the set of reforms that could underpin the requested program," said Julie Kozack, Director of Communications at the IMF.
Ethiopia eagerly awaits financial assistance from the International Monetary Fund (IMF), recognizing its critical role not only in seeking financing but also in realizing the two-year debt suspension secured from Paris Club and non-Paris Club creditors.
Kozack stated, "Discussions with the authorities are ongoing and another mission to Addis Ababa is expected to take place in the coming weeks."
The IMF's potential support holds significant importance for Ethiopia's economic stability and the successful implementation of its debt relief initiatives.
