Following the appearance of the African Union, the rebels in the Ethiopian area of Tigray declared on Sunday “their willingness to obey” the truce.
An appeal to the African Union urged an early end to hostilities so that peace talks could begin.
The Tigray People’s Liberation Front declared, “We are ready to respect an immediate cessation of combat activities.”
Additionally, they urged the international community to take action to stop combat operations immediately, compel the Ethiopian government to engage in negotiations, and compel the Eritrean army to leave Tigray.
According to international newspapers, the Ethiopian government, represented by the Ethiopian Ministry of Finance, has confirmed that there is a delay in restructuring Ethiopia’s debts because a new mechanism to solve debt problems has not been found. The government called the situation “disappointing” and emphasised that it intends to discuss the increased debt with the International Monetary Fund.
The Report newspaper reported, Alyssa Stroble, the chief economist in Standard & Poor’s, said that Ethiopia faces the risk of failure to pay at a time when it seeks with the International Monetary Fund to restructure debt, and what this means in terms of credit rating, additional borrowing and economic path Regarding Ethiopia
A fresh statement on the ceasefire from the Tigrai rebels
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