Categories: Economy

France’s Macron backs Ethiopia’s debt restructuring efforts


ADDIS ABABA (Reuters) – French President Emmanuel Macron expressed full help on Saturday for Ethiopia’s debt restructuring efforts, emphasising the necessity for a swift decision “within the coming weeks”.

The backing from Macron, who’s visiting Ethiopia after a cease in Djibouti, comes after Ethiopia and Worldwide Financial Fund reached an settlement final month on the second overview of a $3.4 billion financing programme.

“Due to your dedication to the reform programme you’re main, we intention to finish the restructuring of this 3 billion-euro debt within the subsequent few weeks,” Macron stated throughout a joint press convention with Ethiopian Prime Minister Abiy Ahmed.

He added that France absolutely helps the discussions underway with the IMF, highlighting a key assembly scheduled for mid-January.

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