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flag Ethiopia finalizes debt restructuring, gaining time on $8.4 billion debt with some relief.

flag Ethiopia's official creditors are set to finalize a debt restructuring plan, giving the country more time to pay its $8.4 billion debt without reducing the total amount owed. flag This plan will provide Ethiopia with about $2.5 billion in debt relief over the next few years as part of its International Monetary Fund program. flag The restructuring is part of the G20 Common Framework scheme and aims to help Ethiopia manage its debt without immediate write-offs.

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