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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President Kabore was arrested by the military.


President Kabore was arrested by the military.

Burkina Faso's president has been arrested by the country's military.

President Roch Cabore was arrested by rebel soldiers. They are said to be under a single military order in the capital, Ugadugu.

The government of Burkina Faso said yesterday that the military action was not a coup.

Rebel soldiers in Burkina Faso have reportedly killed leaders, including their commanders.

Following this, the government of Burkina Faso imposed a state of emergency, including a state of emergency, from last night.

Coup d'état is common in West African countries, and now Burkina Faso is the norm.

Mali's military has staged a coup d'état led by Colonel Asmi Goyita and is now in control of Mali.

Equatorial Guinea has overthrown the country's civilian government in a coup d'état, and the African Union (AU) and other institutions, including ECOWAS, are urging them to hand over power to democratically elected governments.

Source: Al Ain News / Reuters

@Hilinasolom

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