Ahmed Shide, Minister for Finance (SM)BorkenaToronto – Ethiopia on Friday said that it has reached an agreement with a group of ad hoc committee of bondholders. The Ad Hoc Committee reportedly holds more than 45 percent of the bond Ethiopia was unable to pay by 2024. The full news release from the Ministry reads as follows :“Ethiopia reaches agreement in principle with Ad Hoc Committee of bondholders on principal financial terms of restructuring of 2024 NotesAddis Ababa – 2 January 2026. The Ad Hoc Committee comprises institutional holders controlling in aggregate more than 45% of the 2024 Notes. The Agreement in Principle remains subject to reaching agreement on such non-financial terms and receipt of the confirmations from the IMF and the OCC referenced above.

Source: Ethiopian News January 03, 2026 05:29 UTC