Page 11 - Eyob Tekalign News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The government of Ethiopia could shelve its forthcoming licence issue if the bids received for the permits do not match an independent valuation.

The International Monetary Fund (IMF) headquarters in Washington, D.C. (Getty Images) Bloomberg By Samuel Gebre The International Monetary Fund backed Ethiopia’s plan to rework its debt under the Group of 20 common framework as it reached a staff-level agreement with the government on credit facilities. To strengthen debt sustainability, the authorities aim to lower the risk of debt distress rating to moderate by re-profiling debt service obligations,” the lender said in an emailed statement on Tuesday. “In this context, the fund welcomes Ethiopia’s request for debt treatment under t...

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in...

Ethiopia May Engage Private Creditors After Debt Review Simon Marks, Bloomberg News (Bloomberg) -- Ethiopia may approach private creditors for debt talks after it reviews liabilities with official lenders amid security risks that are adding to investors’ worries. The nation’s Eurobonds plunged the most on record last week after State Minister of Finance Eyob Tekalign said the government will seek to restructure its external debt under a Group of 20 debt-suspension program. With no details on how the decision would affect holders of Ethiopia’s $1 billion of 2024 Eurobonds, many ...

Selloff Puts Emerging Markets on Trial While Bulls Hang Tough This content was published on January 31, 2021 - 20:00 January 31, 2021 - 20:00 (Bloomberg) -- After a one-month trial of 2021, the shoppers of emerging-market assets can point to any number of reasons for wanting their money back. Yet the balance of evidence suggests they’ll stick with the product for a while. For all the factors that triggered last week’s selloff, the prospect of stronger growth ahead as stimulus kicks in, vaccines are distributed and restrictions lifted continues to underpin confidence. Goldman Sachs Group I...