Ethiopia just leveled up its economic recovery game! The IMF approved a $261 million payment this week after completing its latest program review – the fourth since launching a $3.4 billion reform package in 2024. 💼
Why This Matters
Addis Ababa's economic glow-up includes debt restructuring (they defaulted on a $1B Eurobond in 2024) and inflation control. The IMF stressed that "maintaining reform momentum" is crucial for growth and poverty reduction. 📉➡️📈
Debt Domino Effect
Ethiopia recently scored a preliminary deal with bondholders to rework its sole international bond – a key step needing IMF/bilateral creditor approval. This follows last year’s $3.5B debt relief deal with bilateral lenders. 💡
What’s Next?
With inflation still a concern, the IMF emphasizes keeping monetary policy tight. As digital nomads eye Ethiopia’s coffee culture 🏔️☕ and investors watch its reforms, 2026 could be a make-or-break year for Africa’s second-most populous nation.
