IMF Plans Board Meeting on New Ethiopia Loan Program Next Week
- Executive board of directors set to discuss Ethiopian request
- IMF has yet to announce a staff-level agreement for new loan
An IMF bailout would lay out the parameters for a restructuring of Ethiopia’s debt using the Group of 20’s Common Framework mechanism.
Photographer: Stefani Reynolds/AFP/Getty ImagesThis article is for subscribers only.
The International Monetary Fund’s executive board of directors is scheduled to meet next week over Ethiopia’s request for a new fund-supported program, according to people with knowledge of the matter.
The formal meeting for an extended credit facility is set for July 29, the people said, asking not to be identified because the information is private and the agenda may change. The scheduling is unusual because the Washington-based lender still hasn’t announced a staff-level agreement for Ethiopia, a step that typically precedes executive board votes on a new program or review of a loan.