Ethiopia agreed a memorandum of understanding to restructure its loans with official creditors, formalizing a debt treatment plan offering relief for more than $3.5 billion.

Foreign aid to Ethiopia has fallen from 12% of gross domestic product a decade ago to under 4%, with further cuts anticipated as agencies like USAID scale back. The IMF noted that one in five ...

Ethiopia said on Wednesday it had agreed a memorandum of understanding with its Official Creditor Committee that formalises an initial debt restructuring deal reached earlier this year.

On July 2nd Ethiopia reached a deal with external creditors, including China, to restructure some $3.5bn of debt, 11% of the total. On July 3rd the World Bank agreed to give the country $1bn worth ...

The International Monetary Fund (IMF) cautioned Ethiopia on Tuesday that its reform agenda under a $3.4 billion loan deal is facing challenges from declining donor support, despite the country's ...