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Ethiopia

Ethiopia

Population: 107.39m
GDP: $145.03bn
Debt: 31.77% of GDP (2024)

news from Ethiopia

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Found 331 articles.

Displaying 11-20 out of 331 results.

Home-grown reforms and political muscle seal $3.4bn IMF deal

Government forecasts strong growth but its shifts on devaluation and economic liberalisation will have to show results quickly

Backed by a US$3.4 billion IMF extended credit facility (ECF), Prime Minister Abiy Ahmed’s administration has a fighting chance to return the national finances to debt sustainability and...


How Tigray is turning on itself

The fight for control of the ruling TPLF is slowing the region’s post-war recovery and playing into the hands of the federal government

Instead of moving towards the much-discussed national reconciliation, Ethiopia is grappling with a new bout of regional factionalism. The two largest regions, Oromia and Amhara, are already plagued...


Abiy pushes radical reforms for debt deal

A multi-billion-dollar financing programme and debt restructuring deal are taking shape but the political risks are high at home and in the region

Prime Minister Abiy Ahmed’s grand plan to raise over US$10 billion from international financial institutions and the restructuring of Ethiopia’s $28bn foreign debt after defaulting on its Eurobond...


Central bank floats birr to secure IMF deal

Foreign exchange reform will remove market distortions, but is the economy entering a danger zone of further devaluation and greater inflation?

The quid pro quo that Addis Ababa will gain from the international financial institutions and from sundry investors and creditors must have reassured Prime Minister Abiy Ahmed that...


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Abiy agrees $3.4bn IMF deal

Ethiopia’s move to a market-based foreign exchange regime, a requirement of the new financing programme, saw the birr drop 30% against the dollar

Prime Minister Abiy Ahmed’s government has reached an agreement with the IMF on a four-year US$3.4 billion loan – part of a $10.7bn financing programme from the Fund...

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Djibouti joins fight against the Abiy-Bihi pact

Fearing big losses if Addis Ababa’s port access deal with Somaliland goes ahead, President Guelleh wants to scupper it

Battle drums are sounding, but the casus belli is still being determined. Nobody yet knows whether the Memorandum of Understanding (MoU) between Ethiopia’s Prime Minister Abiy Ahmed and...


Shots and plots

On 15 July, local militias on the outskirts of Abudwaq, in Galmudug, stopped a convoy of two trucks loaded with infantry weapons coming from Ethiopia and led by...


Tigray war accord isn’t ending the fighting over Amhara border

The Pretoria deal stopped large-scale combat but didn’t resolve the disputes over territory and resources

The rebellions and counter-insurgency operations causing havoc in Ethiopia’s two largest regions, Amhara and Oromia, have overshadowed the aftermath of the two-year civil war centred on the dissident...


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Turkey hosts first round of talks on port row

Turkish Foreign Minister Fidan said the negotiations have been ‘candid, cordial and forward-looking’

Turkey mediated the first round of talks between Somalia and Ethiopia’s foreign ministers on Monday in the first international attempt to ease diplomatic tensions between the two Horn...

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Displaying 11-20 out of 331 results.