Addis Ababa, March 21, 2025 (AFP) - Ethiopia reaches deal to restructure $8.4bn in debt

NAMPA / AFP

2025-03-21

Ethiopia has reached an agreement in principle with creditors for an $8.4 billion restructuring of its debt, the finance ministry said on Friday. The East African nation is saddled with around $30 billion in external debt and has been in negotiations since 2021 with its creditors to write off part of the repayments. Ethiopia, whose economy was badly hit by the Covid-19 pandemic, the Russia-Ukraine war and a devastating civil war in 2020-22, defa......

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