Ethiopian government total debt from foreign and local lenders surpasses $52.3 billion, the Ministry of Finance of Ethiopia said. The total external and domestic debt of the country has reached $27 billion and 731 billion birr ($25.4) respectively. Last January the total debt of Ethiopia was around $50 billion. Over the past 11 months, Ethiopia has managed to pay $9.4 billion, according to the report. We are still importing wheat and edible oil which in an economy like Ethiopia is really unacceptable” the Minister said.

Source: Ethiopian News July 01, 2019 16:18 UTC