Ethiopia and France have recently enhanced their strategic partnership through the signing of historic agreements in Addis Ababa, aimed at strengthening Ethiopia's macroeconomic reform agenda and supporting its recovery efforts. The agreements were formalized by Ethiopian Minister of Finance Ahmed Shide and French Minister Delegate for Europe and Foreign Affairs Mme Eléonore Caroit, representing a significant step in Ethiopia's approach to managing its external debts and aligning with international frameworks.

A major highlight of these agreements is the establishment of the first bilateral debt restructuring accord between Ethiopia and a member of the Official Creditor Committee (OCC) as per the G20 Common Framework. This accord is expected to play a crucial role in Ethiopia's ongoing external debt treatment process and demonstrates the commitment of both countries to collaboration in economic matters. Minister Ahmed Shide praised France's contribution, especially in its role as Co-Chair of the OCC, which he credited for its impactful leadership in facilitating these agreements.

These agreements not only signify a deepened commitment between Ethiopia and France but also reflect broader international efforts to provide support to countries facing economic challenges, particularly in the context of debt management. The landmark signing could have significant implications for Ethiopia's economic landscape, potentially leading to increased foreign investment and further financial stability as it navigates its recovery and reform initiatives.