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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Prime Minister Mohammed Hussein Roble is in UAE.


 #UAE

Prime Minister Mohammed Hussein Roble is in UAE.

Somali Prime Minister Mohamed Hussein Roble is on a working visit to the United Arab Emirates, Al Ain News reported.

According to the report, PM Roble left for Abu Dhabi yesterday for talks with the country's leaders.

In recent days, the United Arab Emirates (UAE) has received Egyptian President Abdul Fattah al-Sisi, Ethiopian Prime Minister Dr. Abiy Ahmed and Israeli President Isaac Herzog. consulted with various leaders on various issues.

Photo: #SomaliPM

@Hilinasolom

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