Reuters exclusively revealed that Ethiopia’s state finance minister said on Saturday that delays in restructuring Ethiopia’s debt due to the failings of a new global mechanism for resolving debt problems are “disappointing,” adding that he planned to raise it with the head of the International Monetary Fund. Africa’s second-most populous country requested a debt restructuring under the Group of 20’s Common Framework process in early 2021, but progress has been complicated by a civil war that broke out in November 2020 and has delayed progress with creditors on a debt workout.
Economy
Reuters reveals Ethiopia debt relief delay partly due to civil war, state finance minister says
15 October 2022, 7:00 pm 1 minute
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Government & Public Services
Regions: Africa
Countries: Ethiopia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story