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Vol 65 No 18

Published 6th September 2024


Ethiopia

Abiy pushes radical reforms for debt deal

A multi-billion-dollar financing programme and debt restructuring deal are taking shape but the political risks are high at home and in the region

Prime Minister Abiy Ahmed’s grand plan to raise over US$10 billion from international financial institutions and the restructuring of Ethiopia’s $28bn foreign debt after defaulting on its Eurobond last December will be critically tested over the next six months amid mounting turmoil in the region.

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