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Ethiopia Secures Preliminary Deal With Official Creditors in Debt Talks

© Allen Dreyfus
  • Agreement promises $3.5bn in debt service relief over IMF programme period
  • Talks with bondholders remain tense as Addis seeks broader restructuring

Ethiopia has reached an agreement in principle with its official creditors as it works to overhaul its external debt obligations, the Ministry of Finance said on Friday. The development could inject new momentum into strained negotiations with private creditors, including Eurobond holders.

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