Saturday, May 10, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Addis Secures Debt Restructuring Deal to Ease Financial Burden

Simon Osuji by Simon Osuji
March 22, 2025
in Business
0
Addis Secures Debt Restructuring Deal to Ease Financial Burden
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Ethiopia has reached an agreement with its official creditors to restructure $8.4 billion in international debt, marking a major step in its economic recovery efforts. The deal, negotiated under the G20 Common Framework and backed by the International Monetary Fund, will reduce debt service payments by $2.5 billion through 2028. According to Ethiopia’s finance ministry, the agreement will free up funds for essential public investments, supporting economic growth. While details of the restructuring terms were not disclosed, the move is expected to provide much-needed financial relief and stability for the country’s long-term development.

Source: Bloomberg

Source link

Related posts

IMF clarifies Nigeria’s debt status amid repayment claims, says $30m fee remains unpaid

IMF clarifies Nigeria’s debt status amid repayment claims, says $30m fee remains unpaid

May 10, 2025
Trump announces full and immediate ceasefire between India, Pakistan

Trump announces full and immediate ceasefire between India, Pakistan

May 10, 2025
Previous Post

Sterling edges down but set for another weekly gain after BoE meeting

Next Post

GB Energy announces first major rooftop solar project

Next Post
GB Energy announces first major rooftop solar project

GB Energy announces first major rooftop solar project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Regenerative Technology Merges with Zero-Emission Battery Electric Vehicle – IT News Africa

Regenerative Technology Merges with Zero-Emission Battery Electric Vehicle – IT News Africa

2 years ago
Ellsworth Kelly retrospective in Paris celebrates artist’s handling of shape, colour and feeling

Ellsworth Kelly retrospective in Paris celebrates artist’s handling of shape, colour and feeling

1 year ago
Supreme Court curtails agencies’ ability to enforce regulations

Supreme Court curtails agencies’ ability to enforce regulations

11 months ago
Entrepreneur creates fashion brand in Cameroon

Entrepreneur creates fashion brand in Cameroon

11 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.