Debt Suspension Agreement between Ethiopia and Saudi Arabia

Ethiopia and the Saudi Development Fund have signed a memorandum of understanding on a debt service suspension initiative between them.

Ethiopian News Agency reported that Finance Minister Ahmed Shedi met with Saudi Ambassador to Ethiopia Fahd al-Hamdani and a delegation from the Saudi Development Fund.

She explained that during the meeting between the Government of Ethiopia and the Saudi Development Fund, a memorandum of understanding was signed on the debt service suspension initiative.

The agency added that the parties discussed the issue of strengthening economic cooperation between the two countries.

Source: Ethiopian News Agency.

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