(Bloomberg) -- Ethiopia allowed its currency to trade freely in a bid to unshackle eastern Africa’s largest economy, lure investors and entice lenders...
-- Ethiopia allowed its currency to trade freely in a bid to unshackle eastern Africa’s largest economy, lure investors and entice lenders including the International Monetary Fund to provide a new financing program .The National Bank of Ethiopia permitted banks to buy and sell foreign currency at freely negotiated rates, according to a directive on its website.
Official bilateral creditors this month granted financing assurances to the Horn of Africa nation to help fast-track approval of a new loan by the IMF board. The guarantees mean that creditors, such as the Paris Club and China, have provided certainty that they will restructure their loans to Ethiopia in a way that’s consistent with the fund’s program.The IMF’s board is expected to discuss Ethiopia’s request for a new financing program on Monday.Ethiopia has been slowly opening up its economy.
LONDON, July 29, 2024 -- Cherry SE held its Annual General Meeting in virtual form on 24 July 2024. All the resolutions proposed by the management were approved by a large majority of shareholders. The representative of Deutsche Schutzvereinigung für Wertpapierbesitz e.V. and the representative of Schutzgemeinschaft für Kleinanleger granted discharge to the current Management Board team, consisting of CEO Oliver Kaltner and COO Dr.
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