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Ethiopia getting debt relief from China, asking others for similar

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Ethiopia is getting debt relief from China and requesting similar treatment from other creditors, the deputy director of the International Monetary Fund's Africa department Annalisa Fedelino told Reuters on Friday.

Fedelino added that the IMF was "almost there" on a loan programme agreement with Ethiopia and that once that was in place the Fund was confident that a Common Framework debt rework would move quickly.

"Policy discussions will continue and most likely we will need another mission, ... we hope to have it in the next few weeks," she said.Officials, builders and engineers told Reuters that rising construction costs and economic uncertainty have deterred companies from bidding for government reconstruction contracts.

 

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