Ethiopia lets Currency go into Freefall to get IMF Loan | Vantage with Palki Sharma

Описание: 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.

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