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 African Union extends an invitation to the Tigrayan government to take part in peace negotiations beginning on Sunday in South Africa.


  The African Union extends an invitation to the Tigrayan government to take part in peace negotiations beginning on Sunday in South Africa.

The President of the National Regional State of Tigray Debretsion Gebremichael received a letter from AU Commission Chairperson Moussa Faki inviting his administration to meetings held as part of the current AU-led peace process for Ethiopia.the letter states that the parties will discuss the guiding principles, agenda items, modalities, format, and dates for the negotiated solution in order to build the groundwork for a structured and ongoing mediation. 

Olusegun Obasanjo, the AU's High Representative for the Horn of Africa, would mediate and lead the peace negotiations, according to the chairperson of the AU Commission, with the assistance of a group of illustrious and accomplished Africans.

In a letter to Debretsion Gebremichael, the president of Tigray, Moussa Faki stated, "While appreciating your proclaimed commitment to peace and stability in Ethiopia, I look forward to your fast response and constructive engagement at the Talks."

@Hilinasolom 

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