Ethiopia’s official creditors are ready to extend a June 30 deadline for the country to reach a deal with the International Monetary Fund on a new program, according to a person with direct knowledge of the talks. The IMF cutoff date is part of a debt standstill provided to Ethiopia by most members of the official creditor committee, including the Paris Club and countries such as India and Saudi Arabia, to suspend debt service for two years until the end of 2024. The panel’s interaction with the IMF has signaled talks for a program are making progress, the person said.
