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ANALYSIS-Is the ‘free ride’ over for poor countries’ bondholders? One year into the coronavirus pandemic, Ethiopia looks set to become a test case for how the world’s poorest countries deal with huge debt increases as the crisis bites. It could be bad news for their private creditors. Addis Ababa has signalled it could be the first country with an international government bond to use a new debt relief framework from the G20 group of major economies that encourages governments to defer or negotiate down external debt. Creditors have mostly continued to get paid during the coronavirus c...

6 Min Read LONDON (Reuters) - One year into the coronavirus pandemic, Ethiopia looks set to become a test case for how the world’s poorest countries deal with huge debt increases as the crisis bites. It could be bad news for their private creditors. Addis Ababa has signalled it could be the first country with an international government bond to use a new debt relief framework from the G20 group of major economies that encourages governments to defer or negotiate down external debt. Creditors have mostly continued to get paid during the coronavirus crisis despite its immense pressures. Losse...

6 Min Read LONDON (Reuters) - One year into the coronavirus pandemic, Ethiopia looks set to become a test case for how the world’s poorest countries deal with huge debt increases as the crisis bites. It could be bad news for their private creditors. Addis Ababa has signalled it could be the first country with an international government bond to use a new debt relief framework from the G20 group of major economies that encourages governments to defer or negotiate down external debt. Creditors have mostly continued to get paid during the coronavirus crisis despite its immense pressures. Losse...