Ethiopia Seeks Market-Friendly Solution to Debt Restructuring
- Government has plans to raise ‘significant capital’ on markets
- Ethiopia restructuring its debt under Group-of-20 initiative
Photographer: Eduardo Soteras/AFP/Getty Images
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Ethiopia’s government wants to find a “market friendly” solution for a planned debt restructuring to ensure it has access to the markets for more capital in coming years, State Minister for Finance Eyob Tekalign Tolina said.
Eyob set out the state’s intentions on a call with investors on Thursday to discuss the proposed reorganization of Ethiopia’s loans under a Group-of-20 initiative.