While the Debt Service Suspension Initiative (DSSI) created breathing room on the liquidity front, solvency challenges persist as a number of African economies carry an unsustainable debt burden. The common framework for debt treatments beyond the DSSI, first introduced by the IMF and G20 in November 2020, elicited interest from high-debt nations including Ethiopia. Uncertainty regarding private sector participation, however, spurred anxiety among investors.
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Topics: Financial risks, Africa