After Ethiopia received international credit rating, Sufian Ahmed, Minister for Finance and Economic Development, commented the nation is not yet decided whether it should follow other African countries and enter the international debt market, Reuters reported.

During a press conference Sufian said, "This (rating) result offers an opportunity for Ethiopia if it decides to enter international capital markets. We have not yet decided".

Ethiopia earlier said it is considering to issue Eurobond. The past week, the rating agency, Fitch awarded Ethiopia a ‘B’.
According to Reuters, Ethiopia has mostly relied on domestic resources and Chinese loans to finance big infrastructure projects across the country. Nonetheless, the nation has not made clear when it will finally join the international markets.

"It depends on the global financial situation", Sufian said commenting on when Ethiopia might issue Eurobond or any other international borrowing.

Ethiopia’s 90 Million people market and a decade of high growth has made the counry attractive for foreign investors.

Source: Ruters