Ethiopia adopted the Debt Service Suspension Initiative of the G20 Summit back in February to restructure USD 2.5 billion in debt.
The Liability and Asset Management Corporation was recently established to mitigate the outstanding debts of seven governmental institutions; the sell of the sugar companies is part of that effort.
Office of the Auditor General finds that Ethiopia has incurred losses in the billions from its railways
The Ethiopian Railway Corporation says it needs subsidies to maintain the railways but the Auditor General says that was not outlined in the feasibility studies.
Ethiopia's economy is currently extremely uncertain due to a host of factors including security concerns, natural disasters, and crime and corruption.
Experts and institutions across Europe and the world expect the DSSI to have negative consequences for Ethiopia's inflation rates and debt management strategies.
Ethiopia seeking more debt relief; experts say might increase market pressures on other poor countries
Ethiopia had been listed as part of the DSSI a few weeks ago and the country now seems set on using that advantage to the fullest.