Ethiopia Strikes Deal with Bondholders to Restructure $1bn Bond

Leadership | 30-06-2026 07:17am |

Ethiopia has reached a preliminary agreement with key bondholders to restructure its defaulted $1 billion international bond as the country strives towards resolving its debt crisis that has lingered for years. The agreement which was announced by the country’s finance ministry on Monday, is a test of the G20 Common Framework, a debt restructuring initiative

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