Business

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



Ethiopia is dealing with a pronounced financial slowdown and an pressing steadiness of funds want owing to the COVID-19 pandemic. To deal with this pressing want, the IMF accepted US$411 million emergency help for Ethiopia beneath the Speedy Financing Instrument. The nation can even profit from IMF debt service reduction beneath the Disaster Containment and Aid Belief. The authorities have taken swift and decisive motion to include the influence 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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