Ethiopia advances $1billion bond restructuring amid IMF delays and Tigray conflict, targeting G20 Common Framework.
Ethiopia pushes ahead with its $1billion international bond restructuring amidst debt overhaul. Delays in meeting IMF requirements exacerbated by Tigray conflict and low govt. revenue. Potential debt relief negotiations with investors. Ethiopia aims for restructuring under the G20 Common Framework. Bondholders express discontent over proposed 20% principal write-down, differing assessments may complicate negotiations.
August 19, 2024
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