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Vol 67 No 4

Published 20th February 2026


Ethiopia

Creditors’ quarrels hold back debt deal

State lenders claim that private creditors have secured unfair advantages in Addis Ababa’s drawn-out debt restructuring talks

Seven months after signing a crucial memorandum of understanding (MoU) with bilateral creditors, Ethiopia’s hopes that recent progress in negotiations with bondholders would hasten a comprehensive debt-restructuring agreement have been dealt another blow. The latest obstacle is an objection from the Official Creditor Committee (OCC) that private lenders have been treated more favourably than their public counterparts in a manner that violates the principles of the much-maligned G20-backed Common Framework for Debt Treatments.

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