Debts: Ethiopia

(asked on 14th April 2023) - View Source

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.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 19th April 2023

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.

Reticulating Splines