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Country <strong>Debt</strong> <strong>Guide</strong><br />
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ethiopia<br />
Ethiopia participated in the G20’s <strong>Debt</strong> Suspension Initiative (DSSI), which would allow the country to receive<br />
debt service suspension by its official bilateral creditors – including China – amounting to $472.9 million by the<br />
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end of 2020. In April 2020, Ethiopia asked for and the IMF approved $411 million in emergency funding as part<br />
of its concessional Rapid Financing Instrument program to help address the economic fallout from the pandemic.<br />
This will need to be repaid within 10 years. Ethiopia has also successfully requested an IMF grant from April to<br />
October 2020 under the Catastrophe Containment and Relief Trust totalling $12 million, which was recently<br />
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extended to April 2021.
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