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Ethiopia creditors to discuss debt restructuring

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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…

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