It was reported that Chinese contractors are canceling the projects they started in Ethiopia.
The contractors are said to be canceling their projects due to the delay in debt restructuring that Ethiopia requested from foreign lenders and the worsening of Ethiopia's foreign exchange shortage.
Speaking to the reporter on the matter, the Deputy General Director of Ethiopian Road Administration, Tamgeta Asrat, said that the Chinese contractor asked for the payment in dollars, and the government was unable to do so because of the severe foreign exchange problem, and he announced that he could only make the payment in silver.
by Biruktawit Asrat
2023-07-17
