precarious balance
As Washington prepares renewed annual support and the World Bank expands financing, economists warn of rising debt-servicing costs, sovereign risk transfer and persistent hard-currency shortages.
By
Michael Masrie
Ethiopia’s public debt has climbed to $51.8bn, placing renewed pressure on Prime Minister Abiy Ahmed’s macroeconomic reform agenda, just as Washington prepares a new $1bn annual support package and multilateral lenders deepen financial backing tied to the country’s IMF programme.
