The Ethiopian birr fell to a record low of 174 per dollar on the parallel market, diverging sharply from the official rate of 137 birr, as businesses continue to struggle with limited access to ...

F or the past couple of years much of Addis Ababa, Ethiopia’s capital, was reduced to rubble by demolitions. Now luxury ...

The National Bank of Ethiopia (NBE) has issued a strong warning to the business community and members of the diaspora to stop using the informal foreign exchange market, as part of a broader effort to ...

The executive board of the International Monetary Fund has approved the third review of Ethiopia's $3.4 billion loan programme, the IMF said on Wednesday, unlocking access to $262.3 million in ...

The IMF Executive Board completed the third review under the Extended Credit Facility (ECF) arrangement for Ethiopia, allowing the authorities to draw the equivalent of about US$262.3 million (SDR 191 ...

This Selected Issues Paper reviews Ethiopia’s transition to an interest-rate based monetary framework. For this framework to be effective, monetary transmission—the process through which policy rate ...

In a move that has sent shockwaves through East African diaspora communities in the U.S., the National Bank of Ethiopia (NBE) has publicly called for an investigation into four U.S.-based money ...

As Ethiopia navigates one of the most ambitious economic reform programs in its recent history, the International Monetary Fund (IMF) has reaffirmed its support and cautious optimism about the country ...

By Reuters | May 23, 2025, at 4:09 a.m. ... Reuters A general view of the skyline of Addis Ababa, Ethiopia November 3, 2021. REUTERS/Tiksa Negeri/File Photo ...

Ethiopia's official creditors expect to finalise within months a draft debt restructuring that gives the government more time to pay but stops short of an outright haircut, the co-chair of the ...

The head of the International Monetary Fund (IMF), Kristalina Georgieva, will travel to Ethiopia on February 8 and 9 as the country presses on with its major revamp of the economy.