Search

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

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 . . .

Recent Business

Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal faces $393mn Eurobond repayment as March debt wall sparks default fears
Read More »
Market, food, inflation. Photo by Anne Preble @ Unsplash
Botswana inflation hits 4.1% in January as food cost surges
Read More »
Asfaw Alemu CEO of Dashen Bank S.C and Ethiopis Tafara, Vice President of Africa, IFC. Photo @ Dashen Bank
IFC, Dashen Bank seal $10mn risk deal to unlock SME lending in Ethiopia
Read More »

Recent Politics

Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Kenya’s ODM in turmoil: Sifuna ouster exposes rift over Ruto alliance
Read More »
Burundi’s President Évariste Ndayishimiye. Photo: Présidence - République du Burundi/Facebook
African Union elects Burundi’s Ndayishimiye as 2026 chair
Read More »

Latest Posts

Latest news insights