The foreign reserve of Ethiopia which has been depleting for many years, has now improved and reached 3.2 billion.
Ethiopian government total debt from foreign and local lenders surpasses $52.3 billion, the Ministry of Finance of Ethiopia said.
The Council of Ministers of Ethiopia on Saturday announced 387 billion birr (around $13.5 billion) national budget for the next Ethiopian fiscal year which begins on July 8, 2019.
Supporting the ongoing economic reform in Ethiopia, the French Agency for Development (AFD) is set to provide 100 million euros loan and grant to the government of Ethiopia.
The World Bank provides $350 million loan and grant to the government of Ethiopia’s effort to improve the livelihoods of pastoralist communities in the country.
A delegation of European Union (EU) visit Ethiopia this week with the aim of bring European Economic and Social Committee (EESC) support to local civil society and to discuss the EU strategy in Africa.
The U.S. Department of State hosted the “Ethiopia Partnership Forum”, an economic engagement platform organized in by the Secretary of State’s office of Global Partnerships.