1 Minute Read by Reuters Staff Reuters, July 6 – The International Monetary Fund (IMF) stated on Tuesday that it “highly recommends” the formation of a creditor committee for Ethiopia “as soon as possible” to allow for prompt debt reduction. According to IMF spokesman Gerry Rice, the committee’s creation will assist Ethiopia “create budgetary flexibility for development investment and lower the risk of debt distress rating to’moderate’ by reprofiling debt service commitments.” (Rodrigo Campos contributed reporting, and Leslie Adler edited the piece.)/n
Read More
