In a significant development, the Ethiopian government has secured a $13.5 billion loan and restructuring package from the International Monetary Fund (IMF) to address its economic challenges. This record-breaking deal comes as the country also announced its decision to transition to a market-based foreign exchange system on July 28, 2024. The IMF package, which will be disbursed over several years, is designed to support Ethiopia in restructuring its debt, controlling inflation, stabilizing its
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