The Addis Standard published on 21 October 2023 an article titled "Ethiopian Authorities Discuss Release of $1.3 Billion Suspended Loan with Chinese Counterparts."
Chinese financial institutions have suspended the disbursement of loans totaling $1.3 billion for at least 8 infrastructure projects pending renegotiation of Ethiopia's debt restructuring with the Chinese government. Chinese banks did not disburse any loans to Ethiopia in 2021 and 2022 and only $26 million so far in 2023. The Ethiopian government seems optimistic that Chinese banks will release more of the funding.
