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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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

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