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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TPLF chairman Dr Debretsion G. Michael said on BBC News that he had held indirect talks with the federal government through other sources



TPLF chairman Dr Debretsion G. Michael said on BBC News that he had held indirect talks with the federal government through other sources.

He said promising results have been achieved.

Dr. Debretsion said talks with the federal government and other parties are a sign of hope for an end to the conflict, but that he is awaiting the outcome of the diplomacy.

Dr. Debretsion Gebremichael also said that he still wants peaceful solutions to the problems.

The BBC News reports that the federal government has not yet commented on the report.

The Prime Minister, Dr. Abiy Ahmed, during a closed-door meeting with the Diaspora, stated that a rational dialogue will be held in the interest of the country.

Following this, Foreign Ministry Spokesman Dina Mufti said said there was no indication that the government was in talks with a terrorist organization.

There are still reports of people being displaced by the conflict in the Tigray region bordering Afar and Amhara. The displacement of more than 200,000 people, particularly in the Afar region, was reported by the UN Office for the Coordination of Humanitarian Affairs (OCHA).

@Hilinasolom

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