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 European Union (EU) has said that the release of opposition leaders in Ethiopia and the establishment of a National Consultative Commission is a positive step.


 The European Union (EU) has said that the release of opposition leaders in Ethiopia and the establishment of a National Consultative Commission is a positive step.


EU foreign policy chief Joseph Borrell issued a statement on current affairs.


Borrell said the release of opposition political leaders and the establishment of a National Consultative Commission was a positive step in ending the conflict in northern Ethiopia.


He said the European Union (EU) has always been concerned that the only way to achieve a peaceful and lasting solution is a neutral, inclusive national dialogue.


Despite positive steps, however, the conflict continues, with Joseph Borrell claiming that civilians were killed in an airstrike on a camp for internally displaced persons on Saturday. He said they were injured.


Borel says there must be immediate and uninterrupted humanitarian assistance to save the lives of those in need.


@Hilinasolom

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