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World Bank concerns about ‘unrest in Ethiopia’

Anadolu Agency | It would engage with relevant officials ‘to safeguard the rights and interests of all Ethiopians,’ says World Bank Group- The World Bank Group (WBG) on Friday expressed “great concern” about unrest in Ethiopia, saying…
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Uganda, Ethiopia, Egypt… the hidden cost of internet blackouts

African Report | Communication technology is a double-edged sword. It can empower people to access and share information globally, or be used as an instrument of political and economic control. While hopes were raised by the Arab Spring a decade…
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World Bank questions Ethiopia’s stance in telecoms competition

Capacity | The World Bank has warned the government of Ethiopia not to take measures that hinder the development of telecoms in the country. It is criticising the restriction of digital financial services to Ethiopian firms and nationals…
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S&P joins Fitch in downgrade of Ethiopia on potential debt restructuring

(Reuters) - S&P Global Ratings on Friday downgraded Ethiopia’s long-term foreign and local currency sovereign credit ratings to ‘B-’ from ‘B’ on potential debt restructuring, announcing the move days after Fitch Ratings downgraded…
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Ethiopia in debt restructuring, downgrade after printing money, despite low deficit

ECONOMYNEXT – Ethiopia had been downgraded to ‘CCC’ from ‘B’ by Fitch Ratings after it applied for ‘Paris Club’ debt relief having printing money through central bank advances, despite relatively low government debt and a budget…
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Conflict in Tigray: Implications for Ethiopia’s International Standing

Charged Affairs | Since Ethiopian Prime Minister Abiy Ahmed assumed office in April 2018, experts have optimistically predicted the country’s emergence as a regional power. Factors such as a large population, rapid economic growth, and a…
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Ethiopia dollar bonds drop after Fitch downgrade

NASDAQ | Ethiopia's sovereign dollar bonds dropped nearly 2 cents after Fitch downgraded the country to CCC, citing the government's plan to make use of the new G20 common framework to overhaul its debt burden. The country's outstanding 2024…
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Ethiopia debt restructuring plan faces hurdles of transparency

The African Report | Ethiopia’s plan to seek debt restructuring under a G20 common framework agreed in November triggered a sell-off in African debt at the end of January on fears of a contagion effect. The framework enables debtor countries…
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Fitch Downgrades Ethiopia to ‘CCC’ – Rating Action Commentary

Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of 'CCC' or below. KEY RATING DRIVERS The downgrade reflects the government's announcement that it is looking to make use of the G20 "Common Framework…