Wall Street

Ethiopia creditors to discuss debt restructuring

Published by
Al-Araby

Ethiopia’s creditors’ committee will meet on Monday, a source briefed on the matter said on Tuesday, moving the cash-strapped African country a step closer towards restructuring its debts under a common framework set up by the Group of 20 economies. The committee, which is co-chaired by France and China, first met in September 2021, but progress on debt relief for Ethiopia has been complicated by a 20-month insurgency that began in the northern Tigray region. The International Monetary Fund, the World Bank and others are pushing China and private creditors to accelerate work on debt treatments…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street