The International Air Transport Association (IATA) warned that rapidly rising levels of blocked funds are a threat to airline connectivity in the affected markets. The industry’s blocked funds have increased by 47% to $2.27 billion in April 2023 from $1.55 billion in April 2022.
The top five countries account for 68.0% of blocked funds. These comprise:
• Nigeria ($812.2 million)
• Bangladesh ($214.1 million)
• Algeria ($196.3 million)
• Pakistan ($188.2 million)
• Lebanon ($141.2 million)
Via - Capital
@Ethiopianbusinessdaily
