KRQE Blogs

Ethiopia’s currency dives by 30% as IMF-backed reforms to stabilize the economy take effect

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. ADDIS ABABA, Ethiopia (AP) — Ethiopia’s ...
Bloomberg L.P.

Ethiopia’s Currency Quandary Places IMF Deal on ‘Knife’s Edge’

International Monetary Fund officials are heading to Ethiopia, where the authorities face a tough decision needed to win a bailout that’s key to restructuring the nation’s debt: whether or not to ...
The Africa Report

Ethiopia: Hard currency shortages hamper solar power potential

Lack of hard currency is the single biggest roadblock preventing faster adoption of solar energy in Ethiopia, Samson Tsegaye, the country director at the Solar Energy Foundation, tells The Africa ...
FOX31 Denver

Ethiopia’s currency dives by 30% as IMF-backed reforms to stabilize the economy take effect

ADDIS ABABA, Ethiopia (AP) — Ethiopia’s currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary ...