03 Jul 2019, Gergana Bencheva, EMIS Editor
Ethiopia’s govt debt surpasses USD 52.3bn
Over the past 11 months, Ethiopia has managed to pay USD 9.4 billion but overall it has been challenged by its huge debt burden mainly due to huge public investment and low exports.
Over the past decade, the Ethiopian government has borrowed money to invest in infrastructure. Now, it is forced to restructure its debt repayment schedule negotiating with China, which is one of its major lenders, CEEMarketWatch added.
Sign in and read the full article in emis.com, and find out more about EMIS. Original source: CEEMarketWatch