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Key events in Ethiopia’s journey towards debt restructuring reuters.com
2026-06-30 @ 01:58
Ethiopia said on Monday it has reached a preliminary agreement with key bondholders to restructure its defaulted $1 billion international bond – a breakthrough after more than two years of stop-start negotiations. Here is a timeline of key events in Ethiopia’s debt restructuring: * November 2020: War breaks out in the northern region of Tigray between forces loyal to the regional government and the federal military, further straining government finances hit by the COVID-19 pandemic. Disruptions related to the war and COVID lead to the collapse of a $2.9 billion IMF programme agreed in December 2019.
Source: reuters.com