Ethiopia Receives Debt Relief from ChinaSeptember 6, 2018 - China has agreed to extend debt repayment period for Ethiopia for the Addis Ababa-Djibouti cross-border railway. According to Prime Minister Abiy Ahmed which just visited China, China has pledged to extend debt repayment period for a loan from 10 to 30 years. The two countries also held extensive discussions regarding the trade volume between the two countries and development assistance, the Premier stated. Upon arrival in Addis Ababa, the Premier briefed journalists on his trip to China which he said was fruitful. On the sidelines of the FOCAC, Ethiopia conducted successful bilateral discussions with different countries and international organizations including China, he pointed out.

Source: Ethiopian News September 07, 2018 03:56 UTC