Economy
IMF Postpones Ethiopia ECF Review to Early 2027
The Reporter · 2 hours ago · Read the Full Story on The Reporter
AI SUMMARY
The International Monetary Fund has postponed discussions on Ethiopia’s sixth review under its ECF arrangement to November, with a final Executive Board decision expected in early 2027.
- The IMF has scheduled discussions on Ethiopia’s sixth review under its Extended Credit Facility for November.
- A final decision from the IMF Executive Board on the sixth review is expected in early 2027.
- The schedule pushes the process beyond the previously indicated October 15 milestone.
- The fifth-review report previously noted October 15, 2026, as the earliest potential disbursement date of SDR 154.11 million, reduced from SDR 191.70 million.
- The IMF emphasized that October 15 was an earliest window rather than a hard deadline, with disbursements strictly contingent on Executive Board approval.
- The fifth review, completed on July 1, disbursed approximately USD 464 million, bringing cumulative disbursements to about USD 2.647 billion under the USD 3.4 billion programme.
- Federal tax revenue surged by 76 percent in the first nine months of the 2025/26 fiscal year compared to the previous year.
- General-government tax revenue is estimated to have climbed from 6.2 percent of GDP in 2023/24 to 9.5 percent in 2025/26.
- IMF Fiscal Affairs Department division chief Davide Furceri stated that countries starting from a low tax base, such as Ethiopia and Nigeria, must mobilize additional domestic revenue to fund public spending and service debt.
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