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Ethiopia Moves to Restructure SOE Debt, No Word Though On China Loans

Ahmed Shide Minister of Finance signing an agreement to transfer the domestic liabilities of six State-Owned Enterprises that will be guaranteed by the Ministry of Finance. Image via the Ministry of Finance.

The Ethiopian Ministry of Finance (MOF) is bundling together the debts of six of its largest state-owned enterprises and will transfer the liability for these debts from the firms to the MOF itself.

No mention, though, was made at last week’s signing ceremony or in the statement published on the MOF website about how this new arrangement will impact these companies’ loans from Chinese creditors, most notably Ethiopian Railways.

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