Ethiopia, China Deepen Talks on Trade Financing

Addis Ababa, April 3, 2026 (ENA) —Ethiopia’s Minister of Finance, Ahmed Shide, held high-level discussions with Wang Hao, Chairman of the China Export & Credit Insurance Corporation SINOSURE, to strengthen policy-level cooperation in trade and investment financing.

The two sides focused on expanding credit insurance coverage for priority sectors in Ethiopia and improving mechanisms to facilitate increased Chinese investment.

 Both parties reaffirmed their commitment to deepening bilateral economic ties and promoting sustainable trade growth and long-term development cooperation.

 

In a separate engagement held earlier the same day, Minister Ahmed Shide met with officials from the Chinese Ministry of Finance to discuss broader macroeconomic cooperation, including debt restructuring, ongoing project implementation, and new financing opportunities for strategic infrastructure.

A key focus of the discussions was Ethiopia’s debt treatment under the G20 Common Framework.

Both sides reaffirmed their commitment to advancing negotiations toward a bilateral agreement aimed at improving fiscal sustainability and supporting economic recovery.

The talks also reviewed progress on existing projects, emphasizing the need to enhance disbursement efficiency and strengthen coordination to ensure timely implementation.

In addition, the ministers explored potential financing for priority infrastructure initiatives, including the proposed Bishoftu International Airport Bishoftu International Airport, expected to enhance regional connectivity and strengthen trade links between Africa, China, and global markets.