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Friday, October 23, 1998 Published at 23:18 GMT 00:18 UK


World: Africa

IMF approves new loan to Ethiopia


The International Monetary Fund is reported to have approved a forty-two-million-dollar loan to Ethiopia.

It 's the first since the IMF suspended loans to the country last year because of concern that it wasn't acting quickly enough to liberalise its monetary policy.

The Ethiopian central bank has since taken steps to meet the IMF's demands.

The new loan is part of a reform programme designed to support financial and trade reforms and to raise standards in health and social security.

From the newsroom of the BBC World Service



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