A general view of the skyline of Addis Ababa, Ethiopia on November 3, 2021. Ethiopia’s hopes of easing its $1 billion debt burden have hit a wall after talks with bondholders collapsed.
The $1 billion debt restructuring talks between the Ethiopian government and bondholders have collapsed, extending Addis Ababa’s absence from international financial markets.
Ethiopia’s Finance ministry said the talks on the terms of a potential restructuring of the $1 billion bond priced at 6.625 percent failed to yield a consensus, and the parties agreed to terminate them.
