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May 23, 2025

Abiy and Macron Forge Stronger Economic Ties as France Renews Commitment to Ethiopia’s Debt Relief and Investment Future

Politic

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Addis Insight

Abiy and Macron Forge Stronger Economic Ties as France Renews Commitment to Ethiopia’s Debt Relief and Investment Future













PARIS – In a high-level diplomatic meeting held at the Élysée Palace, Ethiopian Prime Minister Dr. Abiy Ahmed and French President Emmanuel Macron reaffirmed their countries’ growing strategic partnership, with a renewed focus on deepening economic cooperation and accelerating Ethiopia’s debt relief process.

The two leaders, accompanied by senior delegations, reviewed the progress of bilateral agreements signed during Macron’s landmark visit to Ethiopia in 2017. These agreements spanned sectors such as defense, cultural preservation, and education. The latest dialogue placed particular emphasis on unlocking further collaboration in trade, investment, and infrastructure.

President Macron reiterated France’s role as a key supporter of Ethiopia’s debt relief efforts, positioning Paris as a long-term economic ally to Addis Ababa amid its broader reform agenda. Since 2010, Ethiopia and France have strengthened their bilateral relationship through high-level state visits, strategic partnerships, and collaborative projects in heritage restoration and capacity building.

The leaders also revisited significant milestones such as:

The restoration of the rock-hewn churches of Lalibela, a UNESCO World Heritage site, supported by French technical expertise;

The 2011 and 2015 visits by both heads of state, which laid the groundwork for intensified cooperation in defense and culture;

Macron’s 2017 return to Ethiopia, where he reaffirmed France’s backing of Ethiopia’s economic reform program and debt restructuring efforts.

This latest meeting in Paris marks a pivotal moment for Ethiopia, which is seeking to stabilize its economy, attract foreign investment, and reassert its geopolitical importance in the Horn of Africa. Prime Minister Abiy and President Macron jointly emphasized the urgency of delivering swift, sustainable solutions to secure Ethiopia’s economic resilience.

With France increasingly positioning itself as a reliable European partner for African nations seeking equitable growth and reform support, this meeting underscores how global south-north alliances can evolve into robust engines of economic transformation.

Bottom Line:France’s renewed economic and political engagement with Ethiopia reflects a growing recognition of the country’s strategic importance. With debt relief, heritage diplomacy, and investment now on the table, Ethiopia could be on the cusp of a major economic realignment—backed by Paris.

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