LeadStory
Africanews

Ethiopia faces unsustainable external debt, World Bank and IMF warn

Africanews · Just In
Africanews
Africanews
Just In

The World Bank and the International Monetary Fund have warned about Ethiopia's debt distress, labeling it "unsustainable."

Breakdown
  • World Bank and IMF warn that Ethiopia's external debt is unsustainable.
  • Ethiopia faces political, economic, and humanitarian challenges impacting its debt. 8s
  • Debt distress is mainly due to breaches of export-related external debt indicators. 12s
  • Accumulation of short- and medium-term debt service payments has made repayment difficult. 23s
  • Ethiopia defaulted on a $33 million euro bond coupon payment amid ongoing regional conflicts. 38s
Economy