Ethiopian Bondholders Dispute IMF’s Debt Relief Assessment Amid Export Surge
Investors holding Ethiopian defaults have $1 billion in bonds questioning the International Monetary Fund’s (IMF) assessment of the country’s debt relief needs. They believe that the IMF underestimates the positive impact of increasing gold and coffee exports on Ethiopia’s financial recycling. The Commission of Bondholders, which owns 40% of debt, claims that the IMF forecast shows that debt concessions are more necessary than debt sustainability actually requires. This divergence underscores the challenge of aligning the IMF assessment with the financial reality of debt countries.
source: foot
