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Ethiopian Organizations protest IMF funding, write letter to Director 

Ethiopian Organizations _


Toronto – Nine Ethiopian Organizations based abroad wrote a letter to IMF Director, Dr Kristalina Georgieva, opposing IMF funding to the Ethiopian government. 

They said that the “Ethiopian government is disproportionately  allocating resources to acquire weaponry, including drones, which have been used to  target civilians.” 

Full content of their letter is featured below : 

Dr Kristalina Georgieva 
Managing Director 
International Monetary Fund (IMF) 
700 19th St. NW 20431 Washington, D.C.  

March 25, 2024 

Dear Dr. Georgieva, 

We, the undersigned civil society organizations of Ethiopians in diaspora, write this  letter to urgently call upon the International Monetary Fund (IMF) to reconsider its plan  to offer financial aid to the Ethiopian government. 

While seeking external assistance, the Ethiopian government is disproportionately  allocating resources to acquire weaponry, including drones, which have been used to  target civilians. Reports from credible sources such as the United States State  Department, Amnesty International, Bloomberg, Reuters, and the Economist Magazine  have documented atrocities committed by forces loyal to Abiy Ahmed in Marawi, the  Amhara region, and in Oromia. Extrajudicial killings by a covert group called “Kore  Negegna,” established and commanded by Abiy Ahmed’s inner circle, further  exacerbate the situation. The Ethiopian National Defense Force (ENDF) is employing  drones, heavy weaponry, and starvation, tactics, resulting in significant loss of life and a  humanitarian crisis in multiple regions. Deadly drone attacks in civilian areas have led to  thousands of deaths and the displacement of millions, compounding the plight of over  20 million Ethiopians in need of food aid. 

A recent statement from the US State Department highlights concerns about  “indiscriminate drone strikes, arbitrary detentions, restrictions on press freedom, and  internet shutdowns” in Ethiopia. Despite these concerns, the Ethiopian government is  allocating billions to vanity projects, such as a reported multi-billion-dollar new palace,  disregarding the worsening economic conditions faced by the Ethiopian people. 

We trust that the IMF recognizes that Ethiopia’s economic challenges are intertwined  with political instability, rampant corruption within the ruling party and military, and  severe economic mismanagement. These factors have led to declining export earnings,  decreased agricultural and manufacturing activities, and chronic inflation. Providing  financial assistance to the Ethiopian government currently, even with stringent  oversight, risks further misuse, enabling the government to fund military operations to  suppress dissent rather than addressing underlying political issues. 

While we support humanitarian aid, such as food and medicine, providing other forms of  financial assistance to the Abiy Ahmed government will only exacerbate the current  political and security crisis. Therefore, we urge the IMF to reconsider any decision to  extend financial assistance to the Ethiopian government and instead, make aid to be contingent upon the government ceasing warfare, halting attacks on civilians, and taking  concrete and measured steps towards resolving the crisis politically.

Signatory Organizations:

  • American Ethiopian Public Affairs Committee (AEPAC)
  • Ethio-Canadian Network for Advocacy and Support (ECNAS) • Ethiopian American Development Council (EADC)
  • Ethiopian American Civil Council (EACC)
  • EPDM
  • Foundation for Human Rights and Development in Ethiopia (FHRDE) • Global Ethiopian Scholars Initiative (GESI)
  • Global Amhara Coalition (GAC)
  • Hope for Ethiopia (H4E) New York Tristate’
  • Network of Ethiopian Scholars (NES)
  • Worldwide Ethiopian Civic Associations Network (WE-CAN)


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