Ethiopia to save $4.9 billion from debt restructuring, says state finance minister
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FILE PHOTO: Ethiopia's State Finance Minister Eyob Tekalign attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, U.S., October 15, 2022. REUTERS/James Lawler Duggan/File Photo
NAIROBI (Reuters) - Ethiopia will save $4.9 billion from its debt restructuring exercise, State Finance Minister Eyob Tekalign said on Friday.
The East African country is putting its long-delayed debt overhaul back on track after securing a new International Monetary Fund financing programme.
"It is captured fully in the OCC (Official Creditor Committee) working paper. But we will sign and finalise with each individual country over the course of the next few months," Eyob told Reuters.
(Reporting by Dawit Endeshaw; Writing by George Obulutsa; editing by Duncan Miriri and Alex Richardson)
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