IMF team in Ethiopia for talks on new funding programme -Bloomberg News

FILE PHOTO: A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, U.S., May 10, 2018. REUTERS/Yuri Gripas

(Reuters) - International Monetary Fund officials are in Ethiopia this week doing technical work to prepare for a potential IMF-supported program for the East African country, an IMF spokesperson said on Monday.

The IMF has received a request for financial assistance from Ethiopian authorities to support its economic reforms, the spokesperson said, noting the country had been hit by multiple shocks including drought, the COVID-19 pandemic, domestic conflicts, and the impact of Russia’s war in Ukraine.