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WEEK IN REVIEW: Ethiopia Widely Expected to Default on Portion of Its Debt

Deputy Prime Minister and Minister of Foreign Affairs of Ethiopia, Demeke Mekonnen, held discussions with China's Special Envoy for the Horn of Africa, Ambassador Xue Bing, on 11 December 2023. Image via @mfaethiopia

Ethiopia is widely expected to default on a portion of its debt as the government warned it will not be able to make a $33 million bond payment due on Monday. Ethiopia is in the midst of Chinese-led debt restructuring talks under the G20’s Common Framework initiative. (REUTERS)

Saudi Arabia’s Investment Minister Khalid Al-Falih met with China’s powerful commerce minister, Wang Wentao, on Sunday in Beijing to discuss two-way FDI in IT, energy and infrastructure. Al-Falih will co-host a high-level Saudi-Chinese investment forum beginning Tuesday in the Chinese capital. (REUTERS)

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