Ethiopia’s Unsustainable External Debt Raises Concerns, Says World Bank and IMF

The World Bank and the International Monetary Fund have issued warnings regarding the escalating debt distress in Ethiopia, identifying it as ‘unsustainable.’ This cautionary stance comes amidst growing concerns over the country’s ability to manage its financial obligations effectively. The two global financial institutions highlighted the significant challenges Ethiopia is currently facing, including political, economic, and humanitarian issues. Additionally, they emphasized the urgent need for Ethiopia to address these pressing concerns to prevent further exacerbation of its debt crisis.