Delegation, Eurobond holders agree to continue dialogue to ensure smooth debt treatment negotiations

Addis Ababa, October 30, 2024 (FBC) – The Ethiopian delegation attending the 2024 World Bank and IMF Annual Meetings, met and held fruitful discussions with Ethiopia’s Eurobond Holders.

The meeting focused on 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, aimed at addressing macroeconomic imbalances – including debt management-and boosting inclusive growth in Ethiopia. The delegation also discussed Ethiopia’s economic outlook in view of the comprehensive reforms undertaken.

The two sides agreed to continue the dialogue to ensure smooth debt treatment negotiations that conclude in a timely and efficient manner.