Business

IMF Executive Board Approves US$411 Million in Emergency Assistance to Ethiopia to Address the COVID-19 Pandemic

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Ethiopia is dealing with a pronounced financial slowdown and an pressing steadiness of funds want owing to the COVID-19 pandemic. To handle this pressing want, the IMF accepted US$411 million emergency help for Ethiopia underneath the Speedy Financing Instrument. The nation may also profit from IMF debt service reduction underneath the Disaster Containment and Reduction Belief. The authorities have taken swift and decisive motion to comprise the affect of COVID-19 by strengthening the well being system, adopting a state of emergency to restrict the unfold of the virus, and implementing measures to assist the financial system. The Government Board of the Worldwide Financial

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