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| Ethiopia rejects IMF proposal to privatise loss-making state firms
ADDIS ABABA, Aug 31 (AFP) - Ethiopia has rejected recommendations from the International Monetary Fund (IMF) requiring it to privatise loss-making state corporations, Prime Minister Meles Zenawi was quoted on Sunday as saying. "The Ethiopian government has been in disagreement with IMF over the past years," the Ethiopian News Agency (ENA) quoted Meles as telling a meeting of investors in Addis Ababa. Adaptive intelligence for a serious advantage: business, investment and technology- BizVantage! "The IMF has been pressing the government to sell all these state firms, but we have resisted these measures which would result in the collapse of our businesses," Meles said. Last week, the government said it had secured an emergency loan of 14.3 million dollars from the IMF to facilitate its efforts to combat a devastating drought that has affected at least 13.2 million people. Last year, the IMF approved a 190-million-dollar loan for the implementation of poverty reduction programmes in the poverty-stricken Horn of Africa nation. str-bkb/lto/jah Ethiopia-IMF-economy-privatise
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