Ethiopia’s sprawling capital Addis Ababa
Ethiopia’s efforts to open its economy were bolstered in mid-December when the International Monetary Fund agreed a new lending programme which, coupled with the launch of the Addis Ababa stock market in 2020, will encourage greater foreign investor participation in, and the diversification of, one of Africa’s fastest growing economies.
The IMF is expected to agree this week a $2.9 billion financing package for Ethiopia, a country whose investment-led model has resulted in rapid economic growth but substantial macroeconomic imbalances.
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