"We reduce the stock of debt through an extension of maturities and also reducing specifically the payments during the IMF programme period," said William Roos, co-chair of Ethiopia's OCC.

Ethiopia’s financial recovery hinges on creditors accepting an 18% loss on defaulted Eurobonds. Bondholders are, however, ...

(Bloomberg) -- Ethiopia has reached a deal with its official creditors to restructure $8.4 billion of international debt, a key milestone in the nation’s efforts to overhaul its loans and boost ...

Debt restructuring is a critical component of financial management that can significantly influence the success and sustainability of both individuals and organizations. In an increasingly complex ...

The engagement marks a crucial step in enhancing transparency, coordination, and financial sustainability as Ethiopia advances its debt restructuring process. AllAfrica publishes around 500 ...

Moscow plans to reach an agreement with Ethiopia on settling the country’s remaining debt soon, Russian President Vladimir Putin told TASS in an interview in the run-up to the Russia-Africa summit.

(Bloomberg) -- Ethiopia has reached a deal with its official creditors to restructure $8.4 billion of international debt, a key milestone in the nation’s efforts to overhaul its loans and boost growth ...

Under the deal, Ethiopia will get around $2.5 billion in debt service relief over the course of its International Monetary Fund programme, which runs out in 2028. "We reduce the stock of debt through ...