The IMF has received a request for financial assistance from Ethiopian authorities to support its economic reforms, noting the country had been hit by multiple shocks including drought, the COVID-19 pandemic, domestic conflicts, and the impact of Russia’s war in Ukraine. Progress on the IMF program and Ethiopia’s request for debt relief under the Group of 20 Common Framework had been stalled due in part to the conflict in Tigray. The US is working to repair ties after outspoken criticism of alleged atrocities by Ethiopian forces and their allies during the Tigray war, which killed tens of thousands of people before a peace accord was reached last November.
Source : CNBC Africa
