Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of Ethiopia's progress under the G20 common framework for debt treatments; whether he has made an estimate of the timescale for Ethiopia's private and bilateral creditors agreeing to a potential debt restructuring of that country; and if he will make a statement.
Ethiopia requested debt relief under the Common Framework in February 2021. Progress towards this stalled due to the conflict in northern Ethiopia and resulting inability for an IMF-supported reform programme, a key requirement of the Common Framework. Alongside our partners at the IMF and G20 we encourage swift progress on a debt treatment for Ethiopia under an envisaged IMF-supported program when conditions allow. We also the welcome the progress on implementing the peace deal, which will be key to sustained prosperity for all Ethiopians.