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).

Image
  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
Post a Comment

#AbiyAhmed & #Isaias’ air forces conducted a horrific drone attack in#AdiDaero today targeting #IDPs from #WesternTigray

 


#AbiyAhmed & #Isaias’ air forces conducted a horrific drone attack in#AdiDaero today targeting #IDPs from #WesternTigray. Dozens of children and elderly killed &many more wounded. What makes this particularly outrageous is the victims had been in IDP shelters in Adiyabo before they were once again forced to leave their make-shift camps as a result of the latest round of genocidal campaign by #IsaiasAfeworki & #AbiyAhmed’s forces against the people of Tigray.  This is happening under the watch of international NGOs whose activities are being hampered by the systematic targeting of civilian infrastructure including of humanitarian aid trucks by the forces of the #TwinTyrants in the #HornofAfrica. We are not even sure if the international community would even mention this tragedy as a footnote. Tragic,yes, but,#TigrayWillPrevail!

Comments

Post a Comment

Popular posts from this blog

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

Image
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 200,0
Read more

The International Committee of the Red Cross (ICRC) has announced that it has delivered the first medical supplies in Mekelle, Tigray State, since last September.

Image
 #Tigray, # Mekelle The International Committee of the Red Cross (ICRC) has announced that it has delivered the first medical supplies in Mekelle, Tigray State, since last September. The supply of emergency medical supplies, including essential medicines, is expected to reach the worst affected health facilities in the region. The International Committee of the Red Cross (ICRC) plans to continue providing medical supplies in the coming weeks and beyond. At the same time, the organization said it will continue to support health facilities in Amhara and Afar regions that are difficult to provide services due to the conflict. Source: ICRC @Hilinasolom
Read more

hunting and the forced conscription of youth into the military has increased throughout Oromia, including the district.

Image
  H unting and the forced conscription of youth into the military has increased throughout Oromia, including the district. According to reports, in the Oromia region children and young people are being forcedly recruited for the military. According to the information from the various zones, this kind of activity is getting worse, particularly in the West and East Hararge, Arsi, East Wolega, and Jimma zones. According to reports, the community's obligation to contribute money to the defense forces has also been strengthened. In many parts of the Oromia region, the government forces are forcibly collecting money from the populace at this point when living expenses have reached maximum level in order to fund the army for the government's war. Teachers in the district have complained to OMN that the district cabinet in East Hararge Zone's Fadis district is paying from  their monthly salary against their choice in order to fund the National Defense Army. The teachers said, "
Read more