Addis Ababa, June 2025 (FMC) — Ethiopia has called for greater predictability and transparency in sovereign debt treatment mechanisms during the 12th Paris Forum, currently taking place in Paris, France.
The Ethiopian delegation, led by State Minister of Finance Eyob Tekalign, proposed key policy improvements to enhance the effectiveness of the G20 Common Framework. These included the introduction of a standardized Memorandum of Understanding (MoU) template to minimize procedural delays and the establishment of a clear timeline to ensure timely access to debt relief for countries undergoing treatment, the country’s Finance Ministry told Fana Media Corporation.
The delegation also emphasized the importance of strengthening transparency between debtor and creditor nations, and encouraged a shared sense of responsibility among all stakeholders involved in sovereign debt resolution. These recommendations were presented as part of Ethiopia’s broader effort to contribute constructively to global debt governance reforms.
Ethiopia is currently under debt treatment through the G20 Common Framework. An Agreement in Principle was reached with the Official Creditors Committee in March 2025, and the formal signing of the MoU is expected soon.
The Paris Forum is jointly organized by the Paris Club and the G20 Presidency. It convenes representatives of creditor and debtor countries, international financial institutions, and policy experts to discuss sovereign debt challenges and potential solutions.