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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The court ordered the release of 22 people accused of human rights abuses under Getachew Assefa's case , the former director general of the National Intelligence Service, on bail of 30,000 birr each.


The court ordered the release of 22 people accused of human rights abuses under Getachew Assefa's case , the former director general of the National Intelligence Service, on bail of 30,000 birr each.

The verdict was handed down by the Federal High Court's Lideta Division 1 Corruption Crimes Tribunal.

Among those granted bail were Yared Zerihun, former deputy director of national intelligence, and Tesfaye Urge, head of the agency's anti-terrorism department.

The court ordered that the defendants be barred from leaving the country.

Oromo Federalist Congress (OFC) leader Dejene Tafa attends today's hearing.

Source: wazema

@Hilinasolom

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