IMF reach staff-level agreement on first review of extended credit facility for Ethiopia

The IMF staff team and the Ethiopian authorities have reached staff-level agreement on the first review of Ethiopia’s economic program under the ECF arrangement. The agreement is subject to approval of IMF management and the Executive Board in the coming weeks. Upon completion of the Executive Board review, Ethiopia would have access to about US$345 million. CNBC Africa’s Aby Agina spoke to Mered Fikireyohannes for more.