What Ethiopia floating its currency means.
Ethiopia devalued its currency in a bid to secure International Monetary Fund support
An episode of the Focus on Africa podcast, hosted by BBC World Service, titled "What Ethiopia floating its currency means." was published on July 30, 2024 and runs 29 minutes.
July 30, 2024 ·29m · Focus on Africa
Summary
Ethiopia became the third African economy in 3 years to default on its government debt. To get IMF's fiscal support, it has had to lower the worth of its currency, making the Birr fall by 30% against the US dollar.We hear about the continued suffering with malnutrition of children in Katsina northern NigeriaAnd how did Senegal get its largest national park removed from the UN’s list of World Heritage in Danger list?Presenter: Audrey Brown Producers: Charles Gitonga in Nairobi. Patricia Whitehorne, Sunita Nahar and Yvette Twagiramariya in London. Technical Producer: Jack Graysmark Senior Producer: Paul Bakibinga Editors: Andre Lombard and Alice Muthengi
Episode Description
Ethiopia became the third African economy in 3 years to default on its government debt. To get IMF's fiscal support, it has had to lower the worth of its currency, making the Birr fall by 30% against the US dollar.
We hear about the continued suffering with malnutrition of children in Katsina northern Nigeria
And how did Senegal get its largest national park removed from the UN’s list of World Heritage in Danger list?
Presenter: Audrey Brown Producers: Charles Gitonga in Nairobi. Patricia Whitehorne, Sunita Nahar and Yvette Twagiramariya in London. Technical Producer: Jack Graysmark Senior Producer: Paul Bakibinga Editors: Andre Lombard and Alice Muthengi