Ethiopia Bondholders Reject Revised Debt Restructuring Plan

The Ethiopian finance ministry announced that a group of international bondholders rejected a revised proposal for restructuring the country's 1 billion dollar Eurobond. This development led to the termination of formal negotiations following three weeks of restricted discussions between the government and the ad hoc committee.

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Ethiopia terminated formal debt talks on May 28 after international bondholders rejected a revised proposal to restructure $1 billion in sovereign debt. The collapse follows three weeks of restricted negotiations aimed at resolving a default that began in late 2023. Investors face prolonged uncertainty as the rejection stalls the nation's return to international capital markets.

A Path Defined by Conflict and Default

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