Ethiopia's Eurobond Restructuring
Africa's Longest Common Framework Resolution and the New Agreement in Principle
Executive summary
What this brief covers.
Ethiopia's $1 billion Eurobond default remained unresolved for two and a half years while official, bilateral, and private-creditor negotiations proceeded on separate tracks. This brief traces the failed proposals, comparability-of-treatment dispute, bilateral agreements, sovereign rating, and the June 2026 agreement in principle featuring a detachable warrant.
Ministry of Finance; IMF; Official Creditor Committee; Fitch Ratings; The Reporter Ethiopia
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Suggested citation
Tamene, Edosa. “Ethiopia's Eurobond Restructuring.” InfoPlate Media and Consulting, June 29, 2026.
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