Wednesday 16th August 2017

The amount of debt disbursed by the external development partners to Ethiopia has reached the lowest level since 2011/12, reaching 1.7 billion dollars, according to the latest Public Sector Debt Statistical Bulletin published by the Ministry of Finance & Economic Cooperation (MoFEC).

This is announced in a month when the national debt, the accumulated level of debt owed by Ethiopia, has reached over 23 billion dollars as of March 2017 from 21.5 billion dollars in December 2016.

The new report is released a year after the International Monetary Fund (IMF) put the country's risk of external debt stresses to moderate from being low.

Bahir Dab City Center. Photo/Wikimedia