Ethiopia

Talks between Ethiopia and its creditors are near conclusion, with Prime Minister Abiy Ahmed reporting that USD 3.5 bln has been saved through these negotiations. Ethiopia’s revenue collection reached 580 bln birr in the first eight months of its fiscal year, against a full-year target of 1.5 tln birr. Export earnings hit USD 4.5 bln from July to February, with coffee exports generating USD 1.2 bln in the first eight months. The total earnings for the year are expected to reach USD 2 bln.