Follow CGSP on Social Media

Listen to the CGSP Podcast

Ethiopian Bonds Spike As It Awaits Official Default

Ethiopia’s bond price jumped to their highest level since January on the news that the government will not make a $33 million interest payment due on 11 December.

Ethiopia has a 14-day grace period to come up with the money, after which it will join Zambia, Sri Lanka, and Ghana on the list of official defaulters.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.