1min2640

The slowdown of manufacturing in China due to the corona virus (COVID-19) outbreak is disrupting world trade and could result in a USDUS50 billion decrease in exports across global value chains, according to a report published by UNCTAD on March 4, 2020. The most affected is the manufacturing sector, especially producers of precision instruments, machinery, automotive and communication equipments.


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1min4870

The government plans to harvest 880,000 quintals of wheat in lowland areas during the coming Meher Season. The expected yield is almost six times the amount harvested during the same period last year.

The irrigation project, which is being implemented with the help of the Ethiopia Institute of Agricultural Research in lowland areas, including Awash, Shebelle and Omo, aspires to fully substitute imports of wheat within two years.


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1min2960

The International Monetary Fund approved USD411 million for Ethiopia, under the Rapid Financing Instrument, in order to help the country meet its ‘urgent balance of payment needs stemming from the COVID-19 pandemic.’

The Fund’s Board approved Ethiopia’s request for relief on debt service until October 13, 2020 of about USD12 million. This relief could be extended up to April 13, 2022, and will be subjected to the availability of resources.



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