Ethiopian Delegation Engages Eurobond Holders Amid Debt Treatment Talks.

Washington: The Ethiopian delegation attending the 2024 World Bank and IMF Annual Meetings engaged in fruitful discussions with Ethiopia’s Eurobond holders.

According to Ethiopian News Agency, the meeting revolved around Ethiopia’s debt treatment progress under the G20 Common Framework, following the approval of the IMF Program in July 2024. The Ethiopian delegation updated the commercial creditors on the economic reforms undertaken by the government. These reforms are aimed at addressing macroeconomic imbalances, including debt management, and boosting inclusive growth in Ethiopia.

Additionally, the delegation discussed the country’s economic outlook in light of the comprehensive reforms undertaken. Both parties agreed to maintain dialogue to ensure smooth debt treatment negotiations, aiming for timely and efficient conclusions.