Addis Ababa, April 26,2025 (FMC) – The Ethiopian delegation attending the IMF/WB 2025 Spring Meetings has participated in the Global Sovereign Debt Roundtable (GSDR) co-chaired by IMF Managing Director Kristalina Georgieva, World Bank President Ajay Banga, and the current G20 co-chair South Africa.
The GSDR took stock of the progress on the G20 Common Framework debt restructuring process and recommended actions needed to make it more effective.
Speaking at the Round Table, State Minister of Finance Eyob Tekalign has indicated that, despite the extended timelines involved, the Common Framework has proven its usefulness, as evidenced by the successful restructuring efforts in Zambia, Ghana, and now Ethiopia.
Mr. Eyob also highlighted the need to further improve transparency by allowing the publication of the terms and conditions of the Debt Treatment, when there is an Agreement in Principle (AIP) between the borrowing country and the Official Creditors’ Committee.
Furthermore, he called on the need to streamline the path from the conclusion of agreement in principle to the execution of bilateral agreement with creditor countries. To this end, he recommended for the institution for a faster, more efficient pathway from AIP to the signing of MoUs and subsequent bilateral agreements to reduce unnecessary delays.
It is to be recalled that Ethiopia has concluded an agreement in principle with its official creditors in March 2025 and expects to finalize the MoU in June 2025.