Ethopia: Ethiopia’s total public debt soars by a quarter in five years, reaches $68.9 billion by end of 2024

Addis Abeba – Ethiopia’s total public external and domestic debt stock, including both publicly guaranteed and non-guaranteed debt, increased by 25.3% over the past five years, reaching $68.9 billion by the end of June 2024.

This figure, representing 32.9% of the country’s gross domestic product (GDP), reflects an 8.8% rise compared to the previous year, according to the latest Public Sector Debt Portfolio Report, published by the Ministry of Finance.

The report highlights exchange rate fluctuations…