Tag: IMF

The International Monetary Fund (IMF) has projected Ethiopia’s economic growth to contract in 2020 and 2021, with the growth returning to pre-pandemic rates by 2022.

The International Monetary Fund (IMF) slashed the projected economic growth of Ethiopia for the second quarter of the year 2020 from 6.2 percent to 3.2 percent because of the impacts of the on-going COVID-19 crisis. The third quarter of the same year is also projected to see a decline of growth from 6.1 percent to 3.7 percent.

As the world grows digital every day, in the face of unprecedented levels of lockdown and limited human interactions resulting from the COVID-19 pandemic, meeting applications like Zoom are coming to the rescue of the global society staying at home.

The International Monetary Fund (IMF) has predicted a 7.2 percent economic growth for Ethiopia in the year 2020. The government had previously forecasted a 7.4 percent economic growth for the same period.

On the sidelines of the 32nd ordinary summit of the African Union (AU), the government of Somalia has askedthe international community to cancelits USD 4.7 billion external debt, The Reporter has learnt.