ADDIS ABABA (Reuters) – French President Emmanuel Macron expressed full support on Saturday for Ethiopia’s debt restructuring efforts, emphasising the need for a swift resolution “in the coming weeks”.
The backing from Macron, who is visiting Ethiopia after a stop in Djibouti, comes after Ethiopia and International Monetary Fund reached an agreement last month on the second review of a $3.4 billion financing programme.
“Thanks to your commitment to the reform programme you are leading, we aim to complete the restructuring of this 3 billion-euro 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 discussions underway with the IMF, highlighting a key meeting scheduled for mid-January.
(Reporting by Dawit Endeshaw; writing by Mathieu Rosemain; editing by Jason Neely)