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    IMF's Lagarde poised for Ethiopia trip

    APA-Addis Ababa (Ethiopia)

    Ms. Christine Lagarde, managing director of the International Monetary Fund (IMF), will visit Ethiopia from 13 to 16 December 2017.

    Ethiopia’s Ministry of Foreign Affairs announced Tuesday it will be the first visit by the head of the IMF in the organisation’s 72-year history.

    According the ministry’s statement, Lagarde is scheduled to meet Ethiopian authorities, including Prime Minister Hailemariam Desalegn, to discuss the resumption of a programme with the IMF.

    She will also speak on the impact of technology in ensuring inclusive growth in Africa, at the United Nations Economic Commission for Africa (UNECA) on Friday morning.

    Lagarde will also deliver speeches at the ECA and African Union (AU) as well as visit the Eastern Industry Zone in Dukem and Hamlin Fistula hospitals in Ethiopia.

    Ethiopia joined the IMF, an organization of 189 countries, in December 27, 1945.

    During the past 72 years, from 1996 to 2010 in particular, Ethiopia obtained special credit and technical support from the organization, including external debt burden reduction and cancellation, the statement added.

    Ethiopia registered a double digit economic growth during the past 15 years, making the country one of the fastest economies in the world, as well as managed to reduce poverty to 23 percent from 56 percent, between 1992 and 2007.

    Moreover, the country, which is the seat for African Union and the third home for UN organizations, next to New York and Geneva, is also playing the leading role in continental and international organizations, such as IGAD and the UN, as well as in promoting green growth, the statement continued.

    Hence, Lagarde’s visit took into consideration all these successes and gives recognition for Ethiopia’s victory in the socio-economic and political sectors, the statement added.


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