Landmark Ethiopia–China Talks Unlock Debt Deal, New Airport Financing

Addis Ababa, April 3, 2026 (ENA) —Ethiopia and China have reached a major milestone in their economic partnership following high-level talks between their finance ministers, marking progress on debt restructuring and new strategic investments.

Ethiopia’s Minister of Finance met with Chinese Minister of Finance, with discussions centering on debt restructuring, implementation of ongoing projects, and new financing opportunities for key strategic initiatives, including the development of a new Bushoftu International Airport.

The meeting highlighted both countries’ commitment to strengthening their longstanding economic partnership, with both sides expressing confidence that the discussions marked a meaningful step toward mutually beneficial outcomes.

A central focus of the talks was the restructuring of Ethiopia’s existing debt stock to improve fiscal sustainability and support renewed economic growth.

The two sides reached agreement on debt treatment and reaffirmed their commitment to working within the G20 Common Framework toward finalizing a bilateral agreement.

Discussions also addressed the need to accelerate the implementation of ongoing projects under the current portfolio.

Both sides emphasized improving disbursement efficiency and maintaining close coordination to ensure timely delivery.

In addition, the ministers explored new financing opportunities for priority infrastructure projects, including the Bishoftu International Airport, which is expected to enhance connectivity and strengthen trade links between China, Africa, and global markets.

“The consensus reached in this meeting represents a pivotal moment in our bilateral relationship. We are committed to working closely with our Chinese partners to build a sustainable partnership that serves the interests of our two countries,” Finance Minister Ahmed said.

The Governor of the National Bank of Ethiopia, Eyob Tekalign, also briefed the ministers on expanding cooperation between the two countries’ central banks, highlighting partnership opportunities aimed at fostering mutual gains.

The meeting concluded with both sides agreeing to maintain close technical engagement to finalize the debt agreement, expedite project implementation, and advance financing arrangements for the Bishoftu airport infrastructure project.