According to the ministry, the talks resulted in an agreement in principle on the main financial terms of restructuring the bond, which represents Ethiopia’s sole exposure to international capital markets. “The discussions yielded an agreement in principle between Ethiopia and the ad hoc committee on the principal financial terms of a restructuring of the 2024 notes,” the Ministry of Finance said. The IMF has assessed Ethiopia’s debt problems as solvency-related rather than temporary liquidity pressures. Ethiopia aims to implement the restructuring through an exchange offer or consent solicitation as early as possible in 2026, the statement added. Ethiopia applied for debt treatment under the Common Framework in 2021, with official creditors reaching an agreement in principle in March 2025, followed by a memorandum of understanding in July.

Source: Ethiopian News January 02, 2026 18:02 UTC