Washington: The Ethiopian delegation attending the 2024 World Bank and IMF Annual Meetings engaged in fruitful discussions with Ethiopia's Eurobond holders.According to Ethiopian News Agency, the meeting revolved around Ethiopia's debt treatment progress under the G20 Common Framework, following the approval of the IMF Program in July 2024. The Ethiopian delegation updated the commercial creditors on the economic reforms undertaken by the government. These reforms are aimed at addressing macroeconomic imbalances, including debt management, and boosting inclusive growth in Ethiopia.Additionally, the delegation discussed the country's economic outlook in light of the comprehensive reforms undertaken. Both parties agreed to maintain dialogue to ensure smooth debt treatment negotiations, aiming for timely and efficient conclusions.
Related Articles
African States Urged to Transform Agrifood System to Avert Hunger, Malnutrition Crisis
Three regional agencies have urged African countries to transform the agri-food system to avert the deteriorating hunger and malnutrition crisis in the continent. The African Union Commission, the UN’s Economic Commission for Africa and Food and Agriculture Organization, have launched an interactive digital report on Tuesday as the latest update to their annual reporting on […]
Safaricom positive about Ethiopia operations despite war
Published by Business Daily Kenyan telecommunication giant Safaricom said on Wednesday the Ethiopia crisis might have a long-term impact on its operations but maintained it was positive about its long-term outlook. Safaricom expected to break even in the fourth year of its Ethiopia operations, said Safaricom chief executive Peter Ndegwa on Wednesday at a virtual […]
LAPSSET Enhances Trade, Logistics within the Region and Beyond: Transport Minister
(ENA) The LAPSSET corridor program will enhance trade and logistics within the east Africa region and beyond by bringing Kenya, Ethiopia, and South Sudan closer, according to the Ministry of Transport. Lamu Port South Sudan – Ethiopia Transport (LAPSSET) Corridor Project is an infrastructure project dedicated to interconnecting the East African countries of Kenya, Ethiopia […]