Ethiopia defers Eurobond payment to next fiscal year, Finance Ministry says

The Ethiopian government formally rescheduled its 1 billion USD Eurobond payment to the next fiscal year, framing the deferral as part of a broader macroeconomic reform aimed at shifting the country's debt distress rating from High Risk to Moderate Risk. Finance Minister Ahmed Shide said the move is required under the G20 Common Framework's Comparability of Treatment principle, which ensures private bondholders do not receive more favorable terms than official bilateral creditors.