External Debt in Ethiopia
Ethiopia - External DebtEconomic conditions have likely worsened in Q2 FY 2021 (8 July 2021–7 July 2022), as the country teeters on the brink of all-out war. The Tigray conflict has continued to escalate in recent weeks with the government carrying out two air strikes in the region, targeting a training site and a manufacturing facility belonging to rebel forces. Meanwhile, a six-month nationwide state of emergency was announced on 2 November, giving the government the power to impose curfews, establish roadblocks and disrupt transportation. This came amid rising tensions as allied rebel forces gathered around the capital, Addis Ababa. Against this backdrop, on 10 November S&P Global Ratings downgraded the country’s rating to ‘CCC’ from ‘CCC+’ with a negative outlook. Meanwhile, the government recently detained several UN workers for interfering with the Tigray conflict, threatening backlash from the international community.
Ethiopia - External Debt Data
|External Debt (% of GDP)||28.3||29.1||31.6||29.2||-|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia External Debt Chart
Source: World Bank.
|Exchange Rate||31.98||0.01 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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