Ethiopia and Italy have signed a debt restructuring agreement in Rome, Italy, aimed at strengthening their strategic development partnership and supporting Ethiopia’s macroeconomic reform program.

The agreement was signed by Ethiopia’s Minister of Finance, Ahmed Shide, and the Minister of Economy and Finance of the Italian Republic, Giancarlo Giorgetti. This ceremony marks a significant milestone in supporting Ethiopia’s ongoing economic recovery efforts.

Key Details of the Agreement

Framework: This bilateral debt restructuring was conducted following the process led by the Official Creditor Committee under the G20 Common Framework.

Context: Minister Ahmed Shide expressed his gratitude for Italy’s constructive engagement and leadership in successfully concluding the bilateral agreement, following the initial Memorandum of Understanding reached in July 2025.

Strategic Alignment: Minister Giancarlo Giorgetti noted that the agreement aligns with Ethiopia’s macroeconomic reform priorities. He further highlighted that it contributes to the success of Italy’s "Mattei Plan for Africa," in which Ethiopia serves as a key partner country.