Search

IMF says Ethiopia’s G20 debt restructuring is in its final stages

Subscriber only Subscriber only
Allen dreyfus Logo
© Allen Dreyfus
  • Ethiopia’s GDP growth outpaces IMF projections amid sweeping reforms
  • Debt restructuring under the G20 framework nears completion

Addis Ababa, Ethiopia - Ethiopia’s ambitious economic overhaul is paying off faster than expected, with GDP growth surpassing initial forecasts and reforms drawing praise from the International Monetary Fund. Managing Director Kristalina Georgieva hailed the country’s progress, calling Ethiopia’s transformation “historic and comprehensive” as it moves to stabilise its economy and restructure billions in external debt . . .

You need an active subscription to continue reading this article.

Recent Business

Africa map @ Unsplash
Is Africa’s $1.8 trillion debt crisis choking its resource future?
Read More »
A typical African house. Photo by Kristin Wilson @ Unsplash
West Africa mortgage fund posts robust H1 earnings
Read More »
Mining site @ Pexels
Zambia seeks $11.6bn energy push to power mining boom
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Is East Africa’s opposition under siege?
Read More »
Dr Mahamudu Bawumia, former vice president is a frontrunner in the opposition NPP flag bearer race. Photo: Courtesy Campaign Office of Bawumia/Facebook
Ghana’s opposition NPP flagbearer race risks ethnic split
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast opposition boycott raises election risks for investors
Read More »

Latest Posts

Latest news insights