Ethiopia and Italy have signed a bilateral debt restructuring agreement under the Official Creditor Committee framework, as part of the G20 Common Framework for debt treatment. Ethiopian officials said the deal follows the Memorandum of Understanding reached in July 2025 and reflects continued engagement between the two countries on economic matters. In separate discussions held in Rome, an Ethiopian delegation led by Ahmed Shide also met with Italian officials to discuss financing for priority development projects. Italian officials expressed interest in supporting financing for selected components of the project through Italian financial institutions. Italian support was also discussed in relation to Ethiopia’s development policy program, in coordination with the World Bank budget support initiative.

Source: Ethiopian News March 19, 2026 01:18 UTC