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 apologize to the Ethiopian people for not doing as well as we planned" - Ethiopian Football Federation Secretary General


 

"I apologize to the Ethiopian people for not doing as well as we planned" - Ethiopian Football Federation Secretary General

Ethiopian Football Federation apologizes to Ethiopian people over Africa Cup of Nations

The head coach of the Ethiopian national football team, Wobetu Abate, and the secretary general of the Ethiopian Football Federation, Bahru Tilahun, today gave a press statement regarding Ethiopia's stay in Cameroon.

"I apologize to the Ethiopian people for not doing as well as we had planned," said Bahir Tilahun, secretary general of the federation.

He added: "We respect the coach's contract and we believe he will continue with us until the end of the contract."

For his part, coach Wobetu Abate said, "it is by  w Ethiopian Airlines we went and came back , we are not hidden . The national team is proud. As we have seen on social media, no one has welcomed us with stones."

"I have a contract with the federation until September 30, 2022," he said.

The national team returned to the Africa Cup of Nations eight years later, but failed to qualify for the knockout stages.

@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

Students who entered Hawassa University for the exam in the 12th grade experienced a bridge collapse and a serious accident early morning .

Image
  #Breaking news Students who entered Hawassa University for the exam in the 12th grade experienced a bridge collapse and a serious accident early morning . 2022 October 10 The students who were scheduled to take the national exam at Hawassa University were in grave danger when the bridge connecting the main campus to the campus of the Institute of Technology abruptly fell. Today's accident occurred about 2:00 AM  local time , and its cause is still being looked into. According to reporter who was there, an ambulance was called to take more than 7 students to Hawassa Referral Hospital. Work is being done to use a dozer to free collapsed bridge that connects the main campus with the campus of the Institute of Technology after it abruptly collapsed. Thousands of parents of students and local residents are currently on the site as a result of the accident. ‌‌@Hilinasolom
Read more