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.
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