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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#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!

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