As a result, 50.4Pct of Ethiopia’s total debt is external debt, while 49.6Pct is domestic debt. Loans from multilateral development institutions such as the World Bank, IMF, and African Development Bank are generally affordable and available. Ethiopia’s external debt has been continuously rising since 2007. Ethiopia’s external debt declined considerably in 2006, reaching its lowest level in since 1982. From USD 6.18 billion the year before and USD 10.36 billion in 1998, Ethiopia’s external debt decreased to USD 2.22 billion in 2006.

Source: Ethiopian News June 23, 2023 15:26 UTC