France’s Macron backs Ethiopia’s monetary debt restructuring initiatives

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ADDIS ABABA (Reuters) – French President Emmanuel Macron revealed full help on Saturday for Ethiopia’s monetary debt restructuring initiatives, stressing the requirement for a speedy decision “in the coming weeks”.

The assist from Macron, that’s going to Ethiopia after a drop in Djibouti, follows Ethiopia and International Monetary Fund bought to an association final month on the 2nd testimonial of a $3.4 billion funding program.

“Thanks to your commitment to the reform programme you are leading, we aim to complete the restructuring of this 3 billion-euro debt in the next few weeks,” Macron acknowledged all through a joint interview with Ethiopian Prime Minister Abiy Ahmed.

He included that France completely sustains the conversations underway with the IMF, highlighting a significant convention arrange for mid-January

(Reporting by Dawit Endeshaw; composing by Mathieu Rosemain; modifying and enhancing by Jason Neely)



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