Ethiopia’s outstanding credit with the International Monetary Fund remained unchanged at SDR 1.593 billion as of 10 November 2025, with no new disbursements or repayments recorded during the ten-day period, according to the IMF.

The figure represents a partial utilisation of a four-year Extended Credit Facility (ECF) approved in July 2024 for SDR 2.556 billion (about US$3.4 billion). The initial tranche of SDR 766.75 million was disbursed immediately, with subsequent draws linked to Ethiopia’s performance on macroeconomic and structural reforms, including currency market liberalisation, monetary policy modernisation, and measures to reduce fiscal financing through the central bank.

Across sub-Saharan Africa, Ghana reported SDR 2.583 billion in outstanding IMF credit after a repayment of SDR 13.284 million, while Cameroon’s balance fell to SDR 1.230 billion following a SDR 16.560 million repayment. Senegal and Côte d’Ivoire recorded minor adjustments, indicating relative stability across the region’s IMF credit exposure.

Globally, Argentina retained SDR 41.789 billion and Ukraine SDR 10.393 billion, contributing to a modest decline in total IMF credit outstanding from SDR 119.023 billion to SDR 118.898 billion, reflecting repayments of SDR 125.134 million.

Ethiopia’s unchanged figure belies ongoing activity under the ECF. Following successive programme reviews, the country has unlocked additional disbursements totaling around US$1.611 billion, supporting both macroeconomic stability and external debt management. The IMF notes that Ethiopia’s engagement is part of a broader financing landscape, including its participation in the G20 Common Framework for debt restructuring.