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 government responded to a recent speech by Dr. Debretsion G. Michael


 #Update

The government responded to a recent speech by Dr. Debretsion G. Michael.

The Ethiopian government has announced that it has not started talks with the Tigray People's Liberation Front (TPLF).

In an interview with BBC News last week, TPLF chairman Dr Debretsion G. Michael announced that he had begun talks with the Ethiopian government (indirectly) through other parties.

Dr. Debretsion described the ongoing talk  as "promising."

The Ethiopian government's Minister of Communications, Dr. Legesse Tulu, told Deutsche Welle today that the Ethiopian government is open to any opportunity to bring peace.

But so far no talks have been held with the TPLF, Dr. Legesse Tulu told the radio station.

@Hilinasolom

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