💨 Abstract

Ethiopia is in the final stages of negotiations with its creditors to restructure its debt, estimated at $28.9 billion, with half owed to multilateral lenders. The IMF is prioritizing this process, as Ethiopia defaulted on a $1 billion Eurobond in 2023. The negotiations are expected to conclude soon, with an IMF financing programme of $3.4 billion secured last July.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖