Traders holding Ethiopia’s defaulted $1 billion bond have contested the Worldwide Financial Fund’s (IMF) analysis of the nation’s debt reduction wants. They argue that the IMF has underestimated the optimistic influence of elevated gold and occasional exports on Ethiopia’s monetary restoration. The bondholder committee, which owns 40% of the debt, claims that the IMF’s projections recommend a better necessity for debt concessions than what is definitely required for debt sustainability. This disagreement highlights the challenges in aligning the IMF’s assessments with the monetary realities of debtor nations.
Supply: FT
