Ethiopia: A Country That Does Not Have $33 Million Dollars
Posted: 22 Apr 2025, 12:22
Private lenders’ resistance to Ethiopia’s debt relief highlights urgent need for debt architecture reform
Ethiopia is facing challenges in reaching an agreement with bondholders under the much-criticised G20’s Common Framework for Debt Treatments (CF) after its 2023 default, highlighting the need for structural reform of the current ad hoc international debt restructuring system (see Observer Spring 2023). Ethiopia defaulted on its debt obligations when it missed a $33 million payment on a $1billion bond in December 2023.
https://www.brettonwoodsproject.org/202 ... re-reform/
Ethiopia is facing challenges in reaching an agreement with bondholders under the much-criticised G20’s Common Framework for Debt Treatments (CF) after its 2023 default, highlighting the need for structural reform of the current ad hoc international debt restructuring system (see Observer Spring 2023). Ethiopia defaulted on its debt obligations when it missed a $33 million payment on a $1billion bond in December 2023.
https://www.brettonwoodsproject.org/202 ... re-reform/