Stalled Eurobond Restructuring To Commence Following Nod From Creditors Committee

Ethiopia steps closer to debt relief as OCC validates eurobond agreement

Ethiopia has cleared a vital hurdle in its multi-year effort to overhaul its sovereign debt, securing official approval for a landmark restructuring deal with private creditors. The Ministry of Finance announced that the Official Creditor Committee (OCC), operating under the G20 Common Framework, confirmed that Ethiopia’s preliminary agreement with commercial bondholders aligns with the crucial “Comparability of Treatment” principle. The endorse…

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 approval, announced by the Ministry of Finance on Friday, August 21, eases concerns surrounding …