Ethiopia, China Central Banks Step Up Cooperation on Payments, Trade, and Debt Restructuring

Addis Ababa, October 17, 2025 (FMC) – Ethiopia and China’s central banks explored ways to strengthen cooperation in payments, trade facilitation, and debt restructuring, reaffirming their commitment to advancing bilateral financial and economic ties.

The discussion took place during a high-level meeting between National Bank of Ethiopia Governor Eyob Tekalign and People’s Bank of China Governor Pan Gongsheng, held on the sidelines of the IMF–World Bank Annual Meetings in Washington, D.C.

The two governors reviewed ongoing collaboration and considered new areas of engagement to enhance coordination between the two central banks and financial institutions in support of expanding trade and investment flows between the two countries.

Governor Eyob reaffirmed Ethiopia’s commitment to deepening its strategic partnership with China, particularly in the areas of payment systems, currency swaps, and broader financial sector cooperation, noting that such collaboration aligns with Ethiopia’s ongoing economic reform agenda.

Both sides agreed to continue technical consultations and maintain close coordination to advance shared objectives that foster sustainable and mutually beneficial economic ties between Ethiopia and China.