Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

IMF joins World Bank to support economic reforms in Ethiopia with over $5 billion

Friday, 13 December 2019 17:53
IMF joins World Bank to support economic reforms in Ethiopia with over $5 billion

(Ecofin Agency) - The International Monetary Fund (IMF) and the World Bank will provide a bit more than $5 billion to support economic reforms in Ethiopia, the country’s Finance Minister Eyob Tekalign (pictured) said during a press briefing on December 11, 2019.

According to the official, this financial support will cover about 60% of the about $10 billion needed for this 3-year government economic program. Ethiopia wants to focus on macroeconomic, structural and sectoral reforms that will pave the way for job creation, poverty reduction, and inclusive growth. Focus sectors include agriculture, manufacturing, mining, tourism, and ICT.

According to the African Development Bank (AfDB), Ethiopia's economic growth is expected to reach 9.2% in fiscal year 2019/2020 (July-June) compared to 7.7% in fiscal year 2018-2019.

André Chadrak

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Mining


 
Telecom


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.