French President Macron backs Ethiopia's debt restructuring efforts
![French President Macron backs Ethiopia's debt restructuring efforts - French President Emmanuel Macron (right) and Ethiopian Prime Minister Abiy Ahmed arrive at the National Palace in Addis Ababa, Ethiopia on December 21, 2024, ahead of their joint news conference. (Photo: REUTERS/Tiksa Negeri)](https://publish.eastleighvoice.co.ke/mugera_lock/uploads/2024/12/Macron-Abiy.jpg)
Last month, Ethiopia and IMF agreed on the second review of a $3.4 billion financing programme.
French President Emmanuel Macron expressed full support on Saturday for Ethiopia's debt restructuring efforts, emphasising the need for a swift resolution "in the coming weeks".
The backing from Macron, who is visiting Ethiopia after a stop in Djibouti, comes after Ethiopia and the International Monetary Fund reached an agreement last month on the second review of a $3.4 billion financing programme.
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"Thanks to your commitment to the reform programme you are leading, we aim to complete the restructuring of this 3 billion-euro debt in the next few weeks," Macron said during a joint press conference with Ethiopian Prime Minister Abiy Ahmed.
He added that France fully supports the discussions underway with the IMF, highlighting a key meeting scheduled for mid-January.
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