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).

Image
  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 ...
Post a Comment

I am pleased with the Board's confidence and trust in me


 I am pleased with the Board's confidence and trust in me

- Dr. Tedros Adhanom

Dr. Tedros Adhanom, Director-General of the World Health Organization (WHO)

In a message to the World Health Organization (WHO) Board of Directors, Dr. Tedros said he was pleased with the Board's confidence in me.


@Hilinasolom


Comments

Post a Comment

Popular posts from this blog

African Union chair calls for Ethiopia truce, peace talks

  AU-led peace talks proposed for earlier this month were   delayed   for logistical reasons. Getachew Reda, a spokesperson for the Tigray forces, called the AU statement welcome if overdue "in light of the extremely alarming humanitarian crisis unfolding as a result of the campaign by the Eritrean army and its Ethiopian allies." Ethiopian government spokesperson Legesse Tulu, military spokesperson Colonel Getnet Adane, Redwan Hussein, national security advisor to the prime minister Abiy Ahmed, and Abiy's spokesperson Billene Seyoum did not immediately respond to requests for comment. Source :Routers 
Read more

According to a statement from the Tigrayan government's central command, Tigrayan forces had made geographic adjustments by leaving Amhara territories they had entered in the south.

Image
  Message from the Government of #Tigray's Central Command. Ethiopia's Amhara region had been under the control of #Tigrayan soldiers for more than a month, but they now claim to have withdrew from those areas. According to a statement from the Tigrayan government's central command, Tigrayan forces had made geographic adjustments by leaving Amhara territories they had entered in the south.  According to the statement, the Tigray army had been carrying out this decision for the previous three days on its own volition, independent of what had happened on the battlefield there.It threatened, "This constantly defeated force should know that we can rejoin those territories at any time and in any route to ensure our survival."  After the government of Tigray repeatedly rejected peace offers, the Ethiopian regime, working in tandem with the Eritrean government and Amhara forces, commenced its invasion more than a month ago. The declaration stated that during the month of...
Read more

A delegation led by United Nations Under-Secretary-General Amina Mohammed visited Mekelle, Tigray State today

Image
 #Tigray, #Mekelle Amina Mohammed visits Tigray Region A delegation led by United Nations Under-Secretary-General Amina Mohammed visited Mekelle, Tigray State today. The delegation toured the ider Referral Hospital in Mekele; She talked to health professionals. she also visited camps for displaced persons in Mekele; she also spoke to war victims. It is to be recalled that the delegation led by Amina Mohammed visited Kombolcha town of Amhara region this morning. @Hilinasolom
Read more