Ethiopia's Abiy seeks $150b for African virus response

Ethiopian Prime Minister Abiy Ahmed

What you need to know:

  • The IMF reported last year that seven African countries were in debt distress and that nine, including Ethiopia, were "at high risk of debt distress."

Ethiopian Prime Minister Abiy Ahmed on Tuesday urged G20 leaders to help Africa cope with the coronavirus crisis by facilitating debt relief and providing $150 billion in emergency funding.
The pandemic "poses an existential threat to the economies of African countries," Abiy's office said in a statement, adding that Ethiopia was "working closely with other African countries" in preparing the aid request.

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