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Ethiopia - Joint World Bank-IMF Debt Sustainability Analysis (anglais)

Ethiopia’s public and publicly guaranteed debt is deemed sustainable, but downside risks and liquidity pressures have increased due to high uncertainty surrounding the intensity and duration of the COVID-19 outbreak and its implications for the economic outlook. Ethiopia’s debt vulnerabilities stem from rising debt servicing needs, an overvalued exchange rate, and a small export base. The authorities have taken steps to reduce vulnerability by controlling...
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