Feb 9 , 2019
In the first half of the current fiscal year, Ethiopia has serviced 9.6 billion Br from its external debt, according to the Ministry of Finance. The country’s total debt currently sands at 26.791 billion dollars. For the current fiscal year, the country has targeted to service 22.5 billion Br in debt. The first half performance is 42.67pc of the target, according to Haji Ibsa, public relations director of the Ministry. Out of the total external debt, 57.3pc is owed by the government, while public enterprises owe the rest. In the first five months of the current fiscal year, the country could manage to generate 977 million dollars from the export of commodities.
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