Ethiopian debt state drops to moderate level

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(Photo: Anteneh Aklilu)

In his appearance at the parliament on the extraordinary meeting PM Abiy Ahmed, disclosed that the country’s external debt has contracted to about 26 percent of the GDP from the previous 31 percent.
He said that at the current status the country’s external debt has returned to moderate level.
About four years ago the country’s foreign debt level become a high risk. “As a strong government we have improved this situation to a moderate level that is a big achievement,” Abiy said.