Key events in Ethiopia’s journey towards debt restructuring

Feb 4 (Reuters) – Ethiopia’s bondholders are planning to sue the government after its bilateral creditors blocked a preliminary agreement on restructuring its $1 billion bond, a move that could delay the country’s efforts to come out of an external debt default. Here is a timeline of key events in Ethiopia’s debt restructuring: * November 2020: War breaks out in the northern region of Tigray between forces loyal to the regional government and the federal military, further straining government finances hit by the COVID-19 pandemic. * Disruptions related to the war and COVID lead to the collapse of a $2.9…