IMF Welcomes Ethiopia Truce Amid Talks on Economic Reform Plans
- Lender considering next steps toward potential funding program
- Conflict has claimed thousands of lives, caused massive damage
Redwan Hussein, left, Representative of the Ethiopian government, and Getachew Reda, right, Representative of the Tigray People's Liberation Front, shake hands during a meeting regarding the African Union-led negotiations to resolve conflict in Ethiopia, in Pretoria on Nov. 2.
Photographer: Phill Magakoe/AFP/Getty ImagesThe International Monetary Fund welcomed the declaration of a ceasefire in Ethiopia following a two-year civil war and said it’s weighing the next steps on a potential funding program.
Ethiopia’s government and the dissident Tigray People’s Liberation Front agreed to stop fighting on Wednesday after 10 days of negotiations in South Africa. The accord has raised hopes that an end may be in sight to a conflict that’s left thousands of people dead and forced millions more to flee their homes.