{"id":987645643,"date":"2021-07-21T05:47:13","date_gmt":"2021-07-21T04:47:13","guid":{"rendered":"https:\/\/p4h.world\/news\/sovereign-creditors-call-for-a-creditor-committee-to-be-formed-to-restructure-ethiopias-debt\/"},"modified":"2021-07-21T05:47:13","modified_gmt":"2021-07-21T04:47:13","slug":"sovereign-creditors-call-for-a-creditor-committee-to-be-formed-to-restructure-ethiopias-debt","status":"publish","type":"news","link":"https:\/\/p4h.world\/en\/news\/sovereign-creditors-call-for-a-creditor-committee-to-be-formed-to-restructure-ethiopias-debt\/","title":{"rendered":"Sovereign creditors call for a creditor committee to be formed to restructure Ethiopia\u2019s debt"},"content":{"rendered":"<p>Ethiopia plans to seek a restructuring of its sovereign debt under a new G20 common framework and is looking at all the available options, the country\u2019s finance ministry <a href=\"https:\/\/www.reuters.com\/article\/uk-ethiopia-debt-idUSKBN29Y2MK\">announced <\/a>earlier this year.&nbsp;The Paris Club of sovereign creditors has now called&nbsp;for a <a href=\"https:\/\/www.reuters.com\/article\/us-parisclub-debt-idUSKBN2EM10D\">creditor committee<\/a> to be formed quickly&nbsp;to handle Ethiopia\u2019s request&nbsp;to restructure its debt.<\/p>\n<p>The United Nations Secretary-General Ant\u00f3nio Guterres called attention to the debt crisis facing many developing countries during a high-level meeting on financing development post-COVID-19 in March 2021. &#8220;The inability of developing nations to spend on post-COVID-19 recovery and resilience has placed the world on the verge of a debt crisis&#8221; <a href=\"https:\/\/allafrica.com\/stories\/202103310535.html\">Guterres <\/a>said.&nbsp;He further underlined that developing nations needed access to liquidity to allow them to sufficiently respond to the pandemic and invest in recovery.<\/p>\n<p>Read more <a href=\"https:\/\/www.reuters.com\/article\/us-parisclub-debt-idUSKBN2EM10D\">here<\/a>, <a href=\"https:\/\/www.reuters.com\/article\/uk-ethiopia-debt-idUSKBN29Y2MK\">here,&nbsp;<\/a>and <a href=\"https:\/\/allafrica.com\/stories\/202103310535.html\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethiopia plans to seek a restructuring of its sovereign debt under a new G20 common framework and is looking at all the available options, the country\u2019s finance ministry announced earlier this year.&nbsp;The Paris Club of sovereign creditors has now called&nbsp;for a creditor committee to be formed quickly&nbsp;to handle Ethiopia\u2019s request&nbsp;to restructure its debt. The United&#8230;<\/p>\n","protected":false},"author":1028,"featured_media":0,"comment_status":"","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[],"tags":[131],"acf":[],"_links":{"self":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987645643"}],"collection":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/users\/1028"}],"replies":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/comments?post=987645643"}],"version-history":[{"count":0,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987645643\/revisions"}],"wp:attachment":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media?parent=987645643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/categories?post=987645643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/tags?post=987645643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}