Ethiopia's public creditors recommit to debt relief - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Ethiopia requested debt relief from its creditor governments in early 2021 under a new G20 framework for debt restructurings, but progress has been complicated by a 21-month civil war that began in the northern Tigray region.

In a statement issued on Wednesday, the creditor committee said that members had discussed the latest macroeconomic developments at its most recent meeting on July 19. The committee said it welcomed talks in June between the government and International Monetary Fund staff and looked forward to further discussions about an IMF support programme, which is necessary for debt relief.

The IMF, the World Bank and others are pushing China, Ethiopia’s biggest creditor, and private creditors to accelerate work on debt treatments sought by Ethiopia, Chad and Zambia under the G20 joint debt restructuring framework.

South Africa had effing better not be one of them! Têdrøs has made mega 💰💰💰 during the PLANDemic .. he sure as hell won’t set foot in Ethiopia, but the WÊF Puppets invite the ÛNelected thûg, with open arms! RamaphosaLiableInHisPrivateCapacity SimmeringPot

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CPI continues on upward trajectory - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa’s Consumer Price Inflation (CPI) has continued on its upward trajectory. The figures that Statistics South Africa has released show that annual inflation was up 7.8% in July 2022, from 7.4% in June 2022. CPI 'Up to 7.8% from 7.4%' on a month to month its up 1.5%.
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