Reuters exclusively revealed that Ethiopia’s state finance minister said on Saturday that delays in restructuring Ethiopia’s debt due to the failings of a new global mechanism for resolving debt problems are “disappointing,” adding that he planned to raise it with the head of the International Monetary Fund. Africa’s second-most populous country requested a debt restructuring under the Group of 20’s Common Framework process in early 2021, but progress has been complicated by a civil war that broke out in November 2020 and has delayed progress with creditors on a debt workout.
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