'Lack of clarity' in Ethiopia debt restructuring request sparks criticism

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'Lack of clarity' in Ethiopia debt restructuring request sparks criticism

AdobeStock_Ethiopia_cash_dollar_575x375_01Feb2021
Business man holding coins putting in glass, Ethiopia flag waving in the background. Finance and business concept. Saving money. | Sezer ÖZGER/sezerozger - stock.adobe.com

Ethiopia announced on Monday its intention to restructure its debt under the G20’s Common Framework. However, the statement has been criticised for its lack of clarity. Market participants say the G20 must urgently confirm how creditor negotiations will take place.

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