Ethiopia calls on creditors to step up efforts to finalize G20 common framework for debt treatment

Addis Ababa, July 11, 2022 (FBC) –State Minister of Finance Dr. Eyob Tekalgn highlighted Ethiopia’s successful experience in developing a homegrown reform to implement sustainable financial practices and debt management.

He was speaking at the 9th Conference of the Paris Forum on promoting sustainable financial practices to address debt vulnerabilities

The State Minister also called on the creditors to step up their efforts to finalize the G20 common framework for debt treatment by establishing a clear timeline.

Ethiopia requested a debt treatment under the Common Framework in line with the government’s strategy to reduce debt service obligations in the short term and achieve a stable macro-economic climate with moderate debt vulnerability, , according to the Ministry of Finance.