Ethiopia defers Eurobond payments five years, eyes shifting railway debt to Finance Ministry

Finance Minister Ahmed Shide told the parliamentary Plan, Budget and Finance Affairs committee that Eurobond payments expected this fiscal year have been deferred for five years under ongoing debt restructuring, while liabilities of state-owned Ethiopian Railway Corporation could be transferred to the Ministry's books. Domestic debt stock has risen to 2.9 trillion birr, and payments to Chinese creditors may resume in the final two months of the fiscal year once legal agreements are finalized.