Ethiopia reaches agreement in principle with official creditors, state finance minister says
The East African nation opted to restructure its external debt under the G20's Common Framework, before it defaulted on its sole Eurobond in December 2023.
It struck a financing deal with the International Monetary Fund last July, enabling it to attempt to jumpstart the stalled debt restructuring process.
"AIP (Agreement In Principle) is reached," Eyob Tekalign told Reuters, without providing more details.
(Reporting by Dawit Endeshaw; Writing by Hereward Holland and Duncan Miriri; Editing by Tomasz Janowski)
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