The International Monetary Fund’s executive board of directors is scheduled to meet next week over Ethiopia ’s request for a new fund-supported program, according to people with knowledge of the matter. The formal meeting for an extended credit facility is set for July 29, the people said, asking not to be identified because the information is private and the agenda may change. The scheduling is unusual because the Washington-based lender still hasn’t announced a staff-level agreement for Ethiopia, a step that typically precedes executive board votes on a new program or review of a loan.

Source: Ethiopian News July 25, 2024 14:00 UTC