Thursday, April 18, 2024
NewsIMF talks end without agreement

IMF talks end without agreement

A two-week round of discussions between Ethiopian officials and an International Monetary Fund (IMF) delegation in Addis Ababa has ended without a financial package deal, according to a statement from the Fund released yesterday.

An IMF team led by Alvaro Piris “made substantial progress towards establishing how the IMF could support [Ethiopian] authorities’ economic program” between March 19 and April 2, 2024, but did not ink a staff level agreement, according to the statement.

An IMF staff level agreement by the end of March was listed as a precondition by bilateral creditors when they approved a temporary debt payment suspension for Ethiopia in December 2023.

It is unclear whether creditors will enforce the deadline or allow for an extension. Talks between the Ethiopian government and the Fund are set to continue during the IMF/World Bank Spring Discussions in Washington later this month.

[speaker]
- Advertisement -spot_img

Subscribe

- Advertisement -

Popular

More like this
Related

Cabinet Approves Transitional Justice Policy Despite Concerns

During a session today, the Council of Ministers approved...

‘Top secret’ talks underway to mediate Ethiopia, Somalia on MoU saga

Presidents Ismail Omar Guelleh and William Ruto are facilitating...

Investment board lays groundwork for trade business liberalization

Petroleum, fertilizer imports to remain off limits Under the leadership...

Ethiopia reinstatement uncertain as US senators push for AGOA reauthorization

Lawmakers in Washington are pushing a bill that would...