Addis Ababa, October 14, 2026 (FMC) — Ethiopia has called for an enhanced Common Framework for sovereign debt treatment, urging clearer restructuring timelines, stronger creditor coordination and reforms to financing rules affecting countries emerging from debt restructuring.
National Bank of Ethiopia Governor Eyob Tekalign presented lessons from Ethiopia’s debt restructuring experience at the Global Sovereign Debt Roundtable (GSDR), held on the sidelines of the 2026 IMF–World Bank Group Annual Meetings in Bangkok, Thailand.
Drawing on Ethiopia’s experience, Eyob stressed that countries entering the debt restructuring process need streamlined procedures and clear timelines. He also underscored the need for better coordination among creditors and early caps on advisory fees.
Looking beyond individual restructuring cases, Ethiopia urged the GSDR to prioritize deeper cooperation between the Bretton Woods institutions and reconsider rigid eligibility criteria that can constrain countries after restructuring, particularly when their credit ratings remain temporarily impaired.
Ethiopia also called for better coordination of new financing to ensure that resources support countries’ national development agendas.
The proposals place the efficiency of debt restructuring, fairness in post-restructuring financing access and stronger institutional coordination at the center of Ethiopia’s push to improve the international sovereign debt framework.