Ethiopia, IMF staff agree programme review that could unlock $260mln
Once approved by the IMF's Executive Board, Ethiopia will gain access to another $260 million in financing.
"The (Ethiopian) authorities' policy actions in the first year of the programme have yielded strong results. The transition to a flexible exchange rate regime has proceeded with little disruption," the IMF statement said.
"Macroeconomic indicators have performed better than expected, with substantially better outcomes than forecast for inflation, goods exports and international reserves."
(Reporting by Alexander Winning; Editing by Hugh Lawson)
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