Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.6 months, or 18 days, of international purchases, according to the International Monetary Fund (IMF).

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  Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.6 months, or 18 days, of international purchases, according to the International Monetary Fund (IMF). Ethiopia's foreign exchange reserves are only expected to cover 0.6 months or 18 days' worth of foreign purchases in 2022, according to the IMF's most recent report on global economic growth and status. It is also expected that this situation may deteriorate in 2023. Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.7 months, or 21 days, of international purchases, according to the International Monetary Fund (IMF) . Consequently, in the year According to the organization's projection, Ethiopia will only have enough foreign exchange reserves to cover purchases for 0.6 months. Ethiopia's average yearly foreign exchange reserves for the previous five years are shown by the same IMF statistics. In 2021, there were sufficient foreign exchange reserves to pay for
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An Ethiopian Captive by Houthi Rebels


 An Ethiopian Captive by Houthi Rebels

Ayenachewu mekonen, an Ethiopian technician working on a Saudi cargo ship, was abducted by Houthi rebels a few weeks ago.

His family is worried about his current situation and his safety.

On Sunday, December 24, 2022, a cargo ship carrying the Saudi Arabian flag, the Rawabi, was intercepted by Houthi rebels en route from its capital, Sokoto, to Saudi Arabia.

One of the 11 crew members we saw was an officer.

His sister Frehiwot Mehari told the BBC:

"... He called his wife and told her that he had been kidnapped by a group of Houthis. He told her that seven of them were Indians and that the government was working to free them and explain their identities.

his wife went to the Ethiopian Ministry of Foreign Affairs and asked the ministry to prove his identity and that he had no role other than that of a ship technician.

Despite going to foreign affairs, his wife was told that Ethiopia did not currently have an embassy in Yemen and he could not be found in government prisons in Yemen.

He also said that for the second time on January 8, 2022, during a phone call to his family, he was abducted by gunmen and taken to a new location by unknown assailants. "We saw that it was a hotel," he said.

@Hilinasolom

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