Ethiopia Expects $10.5 Billion From IMF, World Bank Talks
- Funding is expected to be received in ‘coming years’: Abiy
- Ethiopia had total loans of $28.5 billion at the end of 2023
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Ethiopia’s ongoing discussions with the International Monetary Fund and the World Bank may lead to $10.5 billion of funding, Prime Minister Abiy Ahmed said.
“We have been negotiating with the IMF and World Bank on a wide range of issues,” Abiy told lawmakers in the capital, Addis Ababa, on Thursday. “When this process comes to a successful conclusion, and the reform is approved, we will receive $10.5 billion in the coming years.”