Ethiopia May Engage Private Creditors After Debt Review
- Government, IMF to review debt-sustainability assessment
- Ethiopia weighs G-20 debt program amid security challenges
Ethiopia is looking to offset the impact of the pandemic on its economy.
Photographer: Anadolu Agency/Getty Images
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Ethiopia may approach private creditors for debt talks after it reviews liabilities with official lenders amid security risks that are adding to investors’ worries.
The nation’s Eurobonds plunged the most on record last week after State Minister of Finance Eyob Tekalign said the government will seek to restructure its external debt under a Group of 20 debt-suspension program. With no details on how the decision would affect holders of Ethiopia’s $1 billion of 2024 Eurobonds, many investors responded by selling the securities.