FILE PHOTO: Chinese train masters look out from a train as they wait for passengers during the inauguration of the new train line linking Addis Ababa to the Red Sea state of Djibouti, in Addis Ababa, Ethiopia, October 5, 2016. "The intensifying repayment risks from the Ethiopian government's debt reaching 59 percent of GDP is worrying investors," China's mission to the African Union in Addis Ababa said on its website in July. Ethiopian Central Bank Governor Yinager Dessie told Reuters in July that the government hopes to reduce its debt with China, which he said holds most of Ethiopia's bilateral foreign debt. "ExIm has become more risk-averse for new projects," said Yunnan Chen, a researcher at the China Africa Research Initiative at SAIS. "These breakthroughs are a part of FOCAC where the publicity of the event makes it a good opportunity for African countries like Ethiopia to get pledges from China."

Source: Ethiopian News September 01, 2018 07:07 UTC