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Category: Economy

Council of Ministers Approves 1.5 Bln USD Agreement with IDA

Addis Ababa: The Council of Ministers, in its 38th regular session today, approved the 1.5 billion USD financial agreement with the International Development Association (IDA).

The agreement consists of a 1 billion USD grant and 500 million loan from…

Highlights of IMF Extended Credit Facility Report for Ethiopia

The International Monetary Fund (IMF) has highlighted the commitment of the Ethiopian government to address macroeconomic imbalances, restore external debt sustainability, and lay the foundation for high, private sector-led growth.

Following Prime Mi…

Cuba Seeks to Deepen Ties with Ethiopia, Praises Economic Progress

Cuba’s Deputy Minister of Foreign Affairs, Elio E. Rodriguez Perdomo, emphasized the historical bonds between Cuba and Ethiopia while expressing admiration for Ethiopia’s economic strides and outlining plans for enhanced cooperation.

In an exclusive …

China-Africa Cooperation Summit to be Held in September

The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) will be held in Beijing from September 4 to 6, Chinese Foreign Ministry announced.

According to the Ministry, the theme of the summit is ‘Joining Hands to Advance Modernization and Buil…