Ethiopia lets Currency go into Freefall to get IMF Loan | Vantage with Palki Sharma
Ethiopia has secured a $3,4 Billion loan from the International Monetary Fund. But the loan came only after Ethiopia agreed to end its fixed currency exchange rate. The Ethiopian Birr lost 30% of its value on July 30. The currencies devaluation could lead to inflation because imports will get more expensive. Will Ethiopia become the next country to face protests because of the IMF's actions?
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Ethiopia | IMF Loan | Ethopian Currency | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#ethiopia #imf #ethiopianbirr #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
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