Ethiopia
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Debt Vulnerability
High Risk of external debt distress
Sustainable Development Finance Policy
Performance and policy actions required : Yes
Set-aside applied : No
Non-concessional borrowing ceiling : Zero
Performance and Policy Actions (PPA)
Debt Management
To further improve debt sustainability, the Government will not enter into any contractual obligations for new external public and publicly guaranteed (PPG) non-concessional debt in a total exceeding US$950 million in FY25, except if the non-concessional debt limit is adjusted by the World Bank to a) reflect any material change of circumstances or b) in coordination with the IMF, in particular in line with adjustments in the IMF Debt Limit Policy (DLP).
Fiscal Sustainability
To improve fiscal sustainability and reverse declines in domestic tax revenue mobilization, the Government will, through its Council of Ministers, approve regulations under the newly adopted Value Added Tax (VAT) Proclamation (1341/2024) that fully consolidates all VAT collection responsibilities with the Federal Ministry of Revenues.
World Bank Lending
| Grant eligibility : | 100% grants | Credit terms : | Regular IDA |
Lending amounts by fiscal year (commitments, US$ millions)
- Original Principal value of IBRD Loans
US$ 0.00 million - Original Principal value of IDA Credits
US$ 9780.76 million - Original Principal value of IDA Grants
US$ 9847.17 million
Data as of: 06/30/2025
Total lending at project level, for the period from FY2017 to FY2025
Debt Data
Total external debt stock
20.39
% of GNI (2023)
Total debt service
14.34
% of exports (goods, services, and primary income,2023)
Country Characteristics
Population, Total
132.06 million
(as of 2024)
GNI, Atlas Method
126.13 billion
(in current US$ as of 2022)
GNI per capita, Atlas Method
1010
(in current US$ as of 2022)