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Emerging MarketsAfrica

Ethiopia bonds tumble after further downgrade as Africa debt relief still in question

Alamy_Ethiopia_cash_575x375_18May2021

Ethiopia has been hit with another downgrade by Moody’s, as a lack of clarity over its request to use the G20 Common Framework for debt restructuring clouds its market prospects. The outlook for sub-Saharan African financing remains rocky, as criticisms linger over the funding on offer.

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