AIRLINK 172.40 Decreased By ▼ -0.75 (-0.43%)
BOP 10.59 Decreased By ▼ -0.06 (-0.56%)
CNERGY 8.39 Decreased By ▼ -0.13 (-1.53%)
CPHL 103.71 Increased By ▲ 6.25 (6.41%)
FCCL 46.40 Decreased By ▼ -0.85 (-1.8%)
FFL 15.40 Decreased By ▼ -0.02 (-0.13%)
FLYNG 27.50 Decreased By ▼ -0.63 (-2.24%)
HUBC 137.70 Decreased By ▼ -1.21 (-0.87%)
HUMNL 12.85 Increased By ▲ 0.04 (0.31%)
KEL 4.48 Decreased By ▼ -0.06 (-1.32%)
KOSM 5.41 Decreased By ▼ -0.14 (-2.52%)
MLCF 61.64 Decreased By ▼ -0.62 (-1%)
OGDC 214.00 Decreased By ▼ -0.75 (-0.35%)
PACE 5.47 Decreased By ▼ -0.08 (-1.44%)
PAEL 46.55 Increased By ▲ 1.69 (3.77%)
PIAHCLA 18.85 Increased By ▲ 0.15 (0.8%)
PIBTL 10.63 Decreased By ▼ -0.11 (-1.02%)
POWER 12.51 Increased By ▲ 0.25 (2.04%)
PPL 171.75 Decreased By ▼ -2.12 (-1.22%)
PRL 36.21 Decreased By ▼ -0.01 (-0.03%)
PTC 23.47 Decreased By ▼ -0.09 (-0.38%)
SEARL 98.35 Increased By ▲ 3.04 (3.19%)
SSGC 40.18 Increased By ▲ 1.05 (2.68%)
SYM 13.99 Decreased By ▼ -0.03 (-0.21%)
TELE 7.22 Decreased By ▼ -0.01 (-0.14%)
TPLP 10.23 Decreased By ▼ -0.06 (-0.58%)
TRG 64.00 Decreased By ▼ -0.68 (-1.05%)
WAVESAPP 10.08 Increased By ▲ 0.04 (0.4%)
WTL 1.32 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.67 Decreased By ▼ -0.03 (-0.81%)
BR100 12,425 Decreased By -66.4 (-0.53%)
BR30 37,569 Decreased By -125.2 (-0.33%)
KSE100 115,765 Decreased By -424.2 (-0.37%)
KSE30 35,535 Decreased By -215.3 (-0.6%)

ADDIS ABABA: Ethiopian Prime Minister Abiy Ahmed said on Thursday he was expecting about $10.5 billion in financial aid in the coming years once the country wraps up negotiations with international lending institutions.

Africa’s second most populous nation, battered in recent years by several armed conflicts, the Covid pandemic, and climate shocks, has been engaged in drawn-out talks seeking to secure a support programme from the International Monetary Fund (IMF).

There has been speculation that Ethiopia may have to devalue its currency, the birr, as a condition of IMF aid.

“We have been negotiating with the IMF and World Bank on a wide range of issues,” Abiy said in an address to parliament, adding that both Ethiopia and the IMF “are stubborn.” “Several of our proposals were finally accepted,” he said. “When this process comes to a successful conclusion, and the reform is approved, we will receive $10.5 billion in the coming years.”

Comments

Comments are closed.