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Ethiopia Bags $20B in Funding From IMF and World Bank

DeFi Daily News by DeFi Daily News
August 2, 2024
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Ethiopia’s decision this week to float its currency unlocked more than $20 billion in financing from the World Bank and International Monetary Fund — money the government desperately needs to tackle the East African nation’s debt burden and open up the economy. Bloomberg’s Fasika Tadesse in Addis Ababa joins Jennifer Zabasajja on Bloomberg Africa Amplified to discuss why this may initially come at a price for citizens.

Watch the full episode: https://youtu.be/RbcLWkXuTFs

Sign up for the Next Africa newsletter, the ambitions of a continent of 1.3 billion — all in one place: https://bloom.bg/4aBkHtz
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Tags: 20Baddis ababaafricaafrican economyafrican nationBagsBankCurrencyEconomyehiopia moneyethiopiaethiopia currencyethiopia imfethiopia world bankethiopian currencyethiopian economyethiopian governmentFundingGovernmentIMFimf fundingimf supportinternational monetary fundmonetary fundingMonetary Policymonetary supportMoneypolicywbWorldworld bankworld bank funding
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