News Formal

World Bank Touts Currency Reform to Lure Investment to Ethiopia

  • 📰 economics
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Improvements to Ethiopia’s exchange-rate system are being considered that would help draw more capital, World Bank President David Malpass says

Foreign-currency shortages have plagued the country and led the authorities to restrict allocations to private industry.

The nation has an official exchange that’s currently at about 54 per dollar — little changed since the start of the year — and a parallel rate that’s almost double that on the streets of the capital, Addis Ababa.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 71. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is it the mandate of the WorldBank? Normally, IMF does offer developing & emerging market economies technical assistance (TA) programs for balance of payments (BOP) supports and exchange rate reforms. Lagarde

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oman's Ahli Bank disapproves merger offer from Bank DhofarAhli Bank in Oman said on Wednesday its board disapproved a merger offer from Oman's second-biggest lender Bank Dhofar .
Source: Reuters - 🏆 2. / 97 Read more »