Wazema radio’s report, published on Saturday, indicates the debt level is actually increasing and increasing at an alarming rate. The amount of internal and external debt is said to be up by about $3 billion this fiscal year. The source said Ethiopia’s debt level was about $57.3 billion by June 2022. The difference in a year is said to be a total of six percent of Ethiopia’s total debt. The amount of money borrowed from external sources was higher from the amount of debt payment made during the same period.

Source: Ethiopian News July 16, 2023 00:30 UTC