Currency Devaluation Triggered a $107B Drop in Ethiopia’s GDP

Ethiopia has faced significant economic turbulence following an IMF-mandated currency devaluation. The policy, implemented in July 2024 as part of a condition to secure $10.7 billion in external financing from the IMF, the World Bank, and other creditors, caused Ethiopia’s nominal GDP to plummet. According to a recent quarterly government debt report released by the […]

The post Currency Devaluation Triggered a $107B Drop in Ethiopia’s GDP appeared first on TesfaNews.

You May Also Like

More From Author

+ There are no comments

Add yours