Ethiopia has reached an agreement with its official creditors for $2.5 billion in debt service relief from 2023 to 2028, as stated by the finance ministry.
Ethiopia has reached an agreement in principle with its official creditor committee, as announced by the finance ministry. This accord entails a significant debt service relief totaling approximately $2.5 billion, which will be implemented over the period from 2023 to 2028. This arrangement aims to provide financial respite for the nation as it navigates its fiscal challenges during these specified years.
In summary, Ethiopia’s recent agreement with official creditors marks a crucial step towards achieving $2.5 billion in debt service relief from 2023 to 2028. This development is expected to provide vital financial support to the country as it addresses ongoing economic challenges.
Original Source: www.tradingview.com
