The Executive Board of the International Monetary Fund (IMF) has approved a new disbursement of approximately USD 464 million to Ethiopia after completing the fifth review of the country’s (ECF) program.
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The Commercial Bank of Ethiopia reported a profit of Birr 80 billion during the 2025/26 fiscal year, following strong growth in deposits, lending, and foreign exchange earnings.
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Awash Bank has reported strong financial and operational performance for the 2025/26 fiscal year, with total deposits reaching Birr 467.8 billion, reflecting continued growth in customer outreach and savings mobilization efforts.
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Ethiopia has reached a preliminary agreement with key bondholders to restructure its defaulted USD 1 billion international bond, marking a step toward resolving the country’s external debt challenges.
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Ethiopia and Italy have signed a Euro 70 million long term loan agreement to support domestic economic reform and development projects.
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