Ethiopia Calls for Enhanced Common Framework, Sweeping Improvements to Sovereign Debt Restructuring - Fana Media Corporation S.C
Ethiopia Calls for Enhanced Common Framework, Sweeping Improvements to Sovereign Debt Restructuring - Fana Media Corporation S.C
Source: Fana Media Corporation S.C
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DW NOTE
Ethiopia has restructured under the Common Framework twice since 2020. Each time the country was told it had achieved "sustainable debt levels." Each time it was back at the negotiating table within eighteen months. The Framework doesn't resolve insolvency — it extends it in six-month intervals while coupon payments to multilateral lenders continue uninterrupted.