@addisstandardeng · Post #21251 · 2026/01/30 11:59
News: #Ethiopia says official creditors decline Eurobond restructuring terms, plans to reengage Ad Hoc Committee The Ministry of Finance said Ethiopia will not proceed with the implementation of recently agreed #Eurobond restructuring terms after the country’s Official Creditor Committee (#OCC) concluded that the deal does not fully comply with the principle of Comparability of Treatment. In a statement issued on 30 January, the ministry said the assessment followed consultations with the OCC and the International Monetary Fund (#IMF) after Ethiopia reached an agreement in principle (#AIP) on 2 January 2026 with a group of bondholders on restructuring its US$1 billion 6.625% Notes due 2024. According to the ministry, Ethiopia and its advisers engaged the OCC and the IMF to determine whether the AIP was consistent with “(i) the Comparability of Treatment principle as applied by the OCC and (ii) the targets and parameters of Ethiopia’s IMF program.”...... Read more: https://addisstandard.com/?p=54853