Sep 22, 2021
Ethiopia Seeks IMF Deal After France, China Lead Creditors Panel
Bloomberg News
,(Bloomberg) --
Ethiopia asked the International Monetary Fund for a new extended credit facility arrangement, days after France and China co-chaired the first meeting for the nation’s major creditors.
Setting up a creditors’ panel and an agreement on how to deal with Ethiopia’s nearly $30 billion of external debt paves the way for the IMF to determine how to engage with the country on economic recovery.
The government requested a new IMF credit arrangement to replace the one that just expired, State Minister for Finance Eyob Tekalign told reporters in the capital, Addis Ababa.
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