Ethiopia Secures Staff-Level Agreement with IMF, Set to Receive Additional $260 Million
Washington D.C. – Ethiopia has reached a staff-level agreement with the International Monetary Fund (IMF) on the third review of its $3.4 billion loan program, the Fund announced on Friday, May 30, 2025. This significant step, pending approval by the IMF’s Executive Board, will unlock an additional $260 million in financing for the East African nation.
The IMF highlighted the Ethiopian authorities’ “strong results” from their policy actions during the program’s first year. The Fund specifically commended the country’s transition to a flexible exchange rate regime, noting it “proceeded with little disruption.” Furthermore, the IMF’s statement indicated that Ethiopia’s macroeconomic indicators have surpassed expectations, demonstrating “substantially better outcomes than forecast for inflation, goods exports and international reserves.”
Click here for more on Banking
