Ethiopia Among Emerging Economies Facing Debt Challenges

NST: Emerging economies, including Ethiopia, face potential debt difficulties due next year due to high-interest rates and slow global growth.

Repayments on emerging markets’ high-yield international bonds are set to total $30 billion next year, raising concerns for vulnerable countries struggling to refinance their debt.

Ethiopia, currently negotiating a financing program with the IMF, has a $1 billion Eurobond issue due next year.

Investors are offering to extend maturities, while Ethiopia and other countries such as Tunisia, Kenya, and Pakistan seek alternative financing sources.