June 11, 2010 -- The Executive Board of the International Monetary Fund (IMF) approved today the first review of Ethiopia’s economic performance under the 14-month arrangement under the high-access component of the Exogenous Shocks Facility (ESF). The Executive Board decision was taken on a lapse of time basis1. The approval will enable Ethiopia to draw SDR 40.11 million (about US$58.7 million), bringing total disbursements under the arrangement to SDR 113.65 million (about US$166.2 million).
Read More: IMF Approves US$58.7m Payment to Ethiopia
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