Economy
IMF to Discuss Treasury Securities Issuance Directive with Ethiopian Government in November
The Reporter (Amharic) · 2 hours ago · Read the Full Story on The Reporter (Amharic)
AI SUMMARY
The IMF has announced plans to discuss the treasury securities and bond issuance directive with Ethiopian officials during the upcoming sixth ECF program review in November.
- The IMF will discuss the treasury securities and bond issuance directive with Ethiopian officials during the sixth ECF program review in November.
- The approval and official publication of the treasury securities and bond issuance directive is targeted for the end of October 2026.
- Government domestic financing needs will shift toward market-determined short-term Treasury bills, while state-owned enterprises will issue medium- and long-term bonds.
- A formal agreement framework for repo markets is planned for approval by December 2026, with a collateralized market expected to launch by March 2027.
- The National Bank of Ethiopia has discontinued the practice of requiring commercial banks to purchase five-year government bonds at sub-market interest rates.
- Ethiopia's public debt is projected to decline to 45.3 percent of GDP by the end of the 2018 fiscal year, down from 50.5 percent in June 2025.
- Ethiopia is implementing structural reforms under a 3.4 billion dollar IMF Extended Credit Facility program.
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