Ethiopia

Ethiopia bond due December 2024 is one of the top performers in emerging markets as the country welcomes IMF officials for talks on a new support program, with the bond rising by 0.8 cents to 67.7. Meanwhile, Ethiopia’s PM warned of decreasing investment flows due to banking crises and high inflation in developed countries. Despite this, the country avoided commercial loans for five years. Tax revenue increased by 28% to 210 bln birr in the first half of the fiscal year, while the government maintained petroleum and fertilizer subsidies.