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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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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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Why is the Grand Ethiopian Renaissance Dam contentious?

The Economist | The project has been a source of disputes in north-east Africa for a decade DAMS HAVE several uses. They generate electricity, store water for crop irrigation and help to prevent floods. They can also cause dispute and heartache—for…
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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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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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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 for…