Ethiopia’s finance ministry announced a $2.5 billion debt service relief agreement with official creditors spanning from 2023 to 2028.
Ethiopia has reached an agreement in principle with its official creditor committee, which includes a substantial debt service relief totaling approximately $2.5 billion. This relief is set to apply over the period from 2023 to 2028. The announcement was made by the country’s finance ministry on Friday, emphasizing Ethiopia’s ongoing efforts to manage its debt obligations effectively.
In summary, Ethiopia’s recent agreement with its official creditors promises significant debt service relief amounting to $2.5 billion over the next five years. This initiative reflects the country’s strategic approach to addressing its financial responsibilities while fostering economic stability.
Original Source: www.tradingview.com
