Foreign Policy published on 1 July 2026 an article titled "What to Know About Ethiopia's Debt Breakthrough" by Nosmot Gbadamosi.
A year ago, Ethiopia reached a final agreement on restructuring $8.4 billion of bilateral loans, with $3.5 billion in debt relief. But a deal on the $1 billion bond held by private lenders proved to be more elusive. Under a recent deal, the bondholders have agreed to reduce the $1 billion debt to $880 million, repaid in installments by 2029.
