MARRAKECH, Morocco, Oct 13 (Reuters) - After getting debt relief from China, Ethiopia is requesting similar treatment from other creditors, the International Monetary Fund's deputy director for Africa said on Friday.
Ethiopian authorities said in August that China was allowing Ethiopia to suspend debt payments for the fiscal year running until July 7, 2024.
"The Chinese authorities have already provided debt relief to Ethiopia and we understand that they're in the process of requesting a similar treatment from other creditors.
"There is a debt service suspension with China, which is providing substantial relief," she said, adding that this was the agreement announced in August.
Ethiopia regularly suffers from foreign exchange shortages and a wide gap between the official and black market currency exchange rates.
Persons:
Africa's, Annalisa Fedelino, Fedelino, Rachel Savage, Dawit Endeshaw, Tannur Anders, Bhargav, Alexander Winning, Susan Fenton
Organizations:
Monetary, IMF, Boston University, birr, Thomson
Locations:
MARRAKECH, Morocco, China, Ethiopia, Africa, Marrakech, birr, Addis Ababa