Economy
Ethiopia Approves 2.34 Trillion Birr Federal Budget for 2026/27 Fiscal Year
Ethiopia's House of People's Representatives has approved a 2.34 trillion birr federal budget for the 2019 Ethiopian fiscal year (2026/27),...
Read moreDetailsIMF Approves $464 Million Disbursement for Ethiopia, Brings Total ECF Support to $2.65 Billion
The International Monetary Fund (IMF) Executive Board has completed the fifth review of Ethiopia's 48-month Extended Credit Facility (ECF) arrangement,...
Read moreDetailsEthiopia, Italy Sign €70 Million Concessional Loan to Support Economic Reforms
Ethiopia and Italy have signed a €70 million concessional budget support loan to finance the country's Third Development Policy Operation...
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Ethiopia Reaches Preliminary Deal to Restructure $1 Billion Defaulted Bond
Ethiopia has reached a preliminary agreement with key bondholders to restructure its defaulted $1 billion international bond, marking a significant...
Read moreDetailsEthiopian Parliament Approves $600 Million World Bank Loan for Budget Support
Ethiopia's House of People's Representatives has approved a USD 600 million loan agreement with the International Development Association (IDA), the...
Read moreDetailsNBE’s Latest FX Auction Clears at 157 Birr/USD as Demand Eases
The National Bank of Ethiopia (NBE) has released the results of Foreign Exchange Auction No. 24, conducted on June 24,...
Read moreDetailsEthiopia’s FX Auction Resumes as NBE Sells USD 100 Million at 158 Birr per Dollar
The National Bank of Ethiopia (NBE) has successfully conducted its 23rd Special Foreign Exchange Auction, allocating USD 100 million to...
Read moreDetailsEthiopia’s Inflation Climbs to 13.4% as Food Prices Accelerate
Ethiopia's annual inflation rate rose to 13.4 percent in May 2026, marking a sharp increase from 11.7 percent in April...
Read moreDetailsDebt Service Remains Ethiopia’s Largest Budget Item Despite Covering Only 6.5% of Total Debt
The federal government has allocated 542.1 billion Br for domestic and external debt servicing in its proposed 2019 fiscal year...
Read moreDetailsEthiopian Cabinet Approves Record 2.34 Trillion Birr Budget for 2019 EC Fiscal Year
Ethiopia's Council of Ministers has approved a record federal budget proposal of 2.34 trillion birr for the 2019 fiscal year...
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