Search

Ethiopia’s Debt Restructuring Hits Roadblock

  • Ethiopia’s proposal for a 20% debt reduction rejected by international bondholders, stalling economic recovery efforts
  • Economists warn of rising borrowing costs, inflation, and threats to development goals amid stalled negotiations

Addis Ababa, Ethiopia – Ethiopia’s efforts to restructure its debt have encountered a significant hurdle, with international bondholders rejecting the government’s proposal to reduce its debt burden by 20%. This setback poses a serious challenge to the country’s attempts to stabilise its economy and mitigate the risks of a growing debt trap.

You need an active subscription to continue reading this article.

Recent Business

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights