Ethiopia Secures $2.5 Billion Debt Service Relief Agreement with Creditors

Ethiopia’s finance ministry announced an agreement with official creditors that includes $2.5 billion in debt service relief from 2023 to 2028.

Ethiopia has reached an agreement in principle with its official creditor committee, which provides for a substantial debt service relief. This relief amounts to approximately $2.5 billion and will be effective over a period from 2023 to 2028, as stated by the finance ministry. This strategic financial arrangement aims to alleviate economic pressures on the nation during this designated timeframe.

In conclusion, Ethiopia’s recent agreement with official creditors is set to offer significant debt service relief totaling $2.5 billion. This measure will be implemented from 2023 to 2028, aiding in the economic stabilization of the country during this crucial period.

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