Ethiopia has asked for debt relief under a G20 programme to help poor countries reeling under the economic impact of coronavirus, making it the second African country to do so in the past week.
Ethiopia has long been seen as one of Africas most promising economies but the pressure the pandemic has placed on healthcare systems and economies means many developing nations are struggling to keep up with debt payments.
In a statement on Monday, its finance ministry said that it was preparing for upcoming discussions with official creditors as it looks to reduce debt vulnerabilities and lower the impact of debt distress.
Wehaven’t even inoculated one individual against Covid, so we need to redirect the resources that we have towards that, a…
Read the full article at: https://www.ft.com/content/4992e00e-557a-4c06-858b-e7e15bbf10ac