Ethiopia Shifts to Market-Based Financing, Targets 171 Billion Birr in Q1 T-Bill Auctions - Capital Newspaper

Ethiopia Shifts to Market-Based Financing, Targets 171 Billion Birr in Q1 T-Bill Auctions - Capital Newspaper

In the first quarter of the new budget year, the Ethiopian government aims to raise 171 billion birr through biweekly Treasury This initiative reflects the government’s shift from financing fiscal deficits with direct advances from the central bank to seeking funds from domestic and international markets to address its budget shortfall. At the beginning of the fiscal year, the allocation for T-bills was 75% higher than the actual offers, indicat…