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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Ethiopian Human Rights Commission (EHRC) urges Ethiopia not to start a war again.


 #ETHIOPIA

Ethiopian Human Rights Commission (EHRC) urges Ethiopia not to start a war again.

The Ethiopian Human Rights Commission (EHRC) has said in a statement that it is concerned about the escalating conflict between the federal government and the Tigrayan forces.the institute said in a statement that it urged all to do their part to prevent a resumption of hostilities in Ethiopia.

Reminding that 19 months ago, the war in northern Ethiopia had left many vulnerable to various human rights abuses,  EHRC said the escalation of hostilities should be stopped.

"I have confirmed through previous investigations that millions of people in the Afar, Amhara, and Tigray regions have been subjected to violence, loss of loved ones, loss of life, loss of basic services, and the suffering of others."

The three regions of northern Ethiopia, including the federal government, should focus on providing adequate human rights assistance to war-affected people, said in a statement.

He emphasized the need to focus on the crisis, and said that it was even more important now with the crisis over the situation in the Horn of Africa.


Source: Alin


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