Ethiopia and France have sealed a debt restructuring deal alongside an 81.5 million euro support package, reinforcing their strategic partnership and backing the macroeconomic reform agenda. The agreement marks the country’s first bilateral debt restructuring deal with a member of the Official Creditor Committee under the G20 Common Framework. France, which co-chairs the committee, also approved 80 million euro in budget support for the homegrown reform program and a 1.5 million euro technical assistance grant, adding to its earlier 100 million euro contribution during the program’s first phase. Finance Minister Ahmed Shide welcomed France’s role in finalising the agreement and signaled plans to deepen cooperation under the Global Gateway and Team Europe initiatives, with an eye on new investment and regional priorities in the Horn of Africa.

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