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First Zambia, Now Ethiopia: African Debt Restructuring Gains Momentum

Source: World Bank data via Debt Justice

The Franco-Chinese-led Creditors Committee overseeing debt restructuring for three African countries under the auspices of the G20’s Common Framework will meet on Monday for the first time to discuss the situation in Ethiopia.

The same committee has been meeting in Paris for several weeks to work out a debt restructuring deal for Zambia. According to multiple reports, a preliminary arrangement will be announced before the end of the month.

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