In a statement issued today by the Ministry of Finance, proposed mitigants include a loss reinstatement provision. During the call, he outlined Ethiopia’s strategy for securing support from Eurobond holders in preparation for negotiations under the Common Framework for debt treatment. Ethiopia is currently negotiating debt service suspension with its official bilateral creditors under the G20 Common Framework for debt treatments. This approach would enable Ethiopia to maintain reduced coupon payments during broader negotiations under the G20 Common Framework. The parameters, crafted to minimize the risk of revisiting the agreement within the Common Framework, aim to balance stakeholder interests, according to the government.

Source: Ethiopian News December 15, 2023 18:39 UTC