Macro Analysis /

Ethiopia’s IMF Program

    Cepheus Capital Research
    12 December 2019
    The Ethiopian Government announced yesterday its intention to seek the support of the IMF as part of a nearly $3bn loan package to be disbursed over the next three years. The agreement with the IMF is unambiguously positive, in our view, and will address head-on some of Ethiopia’s most pressing shortterm macro challenges (fx constraints and high inflation).