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Macron Backs Ethiopia's Debt Restructuring Efforts


Mon 23 Dec 2024 | 02:56 AM
France's President Emmanuel Macron
France's President Emmanuel Macron
Taarek Refaat

French President Emmanuel Macron on Saturday expressed his full support for debt restructuring efforts in Ethiopia, stressing the need for a quick solution "in the coming weeks".

The support of Macron, who is currently visiting Ethiopia after a pause in Djibouti, comes after Addis Ababa and the International Monetary Fund reached an agreement last month on the second review of a $3.4 billion financing program.

“Thanks to your commitment to the reform program you are leading, we aim to complete the restructuring of this €3 billion debt in the next few weeks,” Macron said during a joint press conference with Ethiopian Prime Minister Abiy Ahmed.

He added that France fully supports the ongoing talks with the International Monetary Fund, highlighting an important meeting scheduled for mid-January.