Assessment of Ethiopia’s debt situation
While some argue that Ethiopia’s adoption of the G20 debt suspension initiative will harm the country’s financing prospects, some like IMF spokesperson Jerry Rice identity it as a necessary move.
While some argue that Ethiopia’s adoption of the G20 debt suspension initiative will harm the country’s financing prospects, some like IMF spokesperson Jerry Rice identity it as a necessary move.
Ethiopia adopted the Debt Service Suspension Initiative of the G20 Summit back in February to restructure USD 2.5 billion in debt.
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 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.
Ethiopia's total debt is currently listed at 54.7 billion USD, an amount that is marginally lower than the country's debt at the same time last year.