French President Macron backs Ethiopia's debt restructuring efforts
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.
More To Read
- Kenya’s Addis Ababa embassy secures highest facelift budget as Tanzania’s gets the least
- Ethiopia’s Central Bank caps forex transaction fees to 4 per cent starting May 26
- IGAD convenes experts' forum to tackle migration, urban growth challenges
- Ethiopia's Somali State president welcomed in Nairobi as leaders hail cross-border unity, progress
- Ethiopian PM calls for homegrown AI to propel Africa's development
- Amnesty raises concern over “crackdown” on health workers in Ethiopia
"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.
Top Stories Today
