Stalled Eurobond Restructuring to Commence Following Nod from Creditors Committee
The co-chairs of Ethiopia’s Official Creditor Committee (OCC) formally confirmed that a June 2026 agreement in principle with private bondholders complies with the G20 Common Framework’s ‘Comparability of Treatment’ principle, signaling the country’s drawn out negotiations over the debt it defaulted on in late 2023 are finally drawing to a close. The...