IMF warns Ethiopia that reform momentum faces risks amid waning donor support

imf International Monetary Fund headquarters washington dc

The International Monetary Fund logo.

Photo credit: AFP

The International Monetary Fund (IMF) cautioned Ethiopia on Tuesday that its reform agenda under a $3.4 billion loan deal is facing challenges from declining donor support, despite the country’s meeting key program targets.

The IMF, in an extensive report, praised Ethiopian authorities for implementing economic adjustments, including subsidy cuts, monetary tightening and tax reforms.