Ethiopia and France Sign First Bilateral Debt Agreement Under G20 Common Framework

As reported by Ecofin Agency

Summary

• Ethiopia and France signed a bilateral debt restructuring agreement on February 11, 2026, marking the first deal between Ethiopia and any member of the Official Creditor Committee (OCC) under the G20 Common Framework. The agreement provides cashflow relief as part of the broader restructuring process. Ethiopia's government has stated that its bilateral creditor deals collectively provide more than 3.5 billion USD in cashflow relief.
• The OCC Memorandum of Understanding, signed in late 2025, established the framework for bilateral deals with all official creditors. France's deal sets a precedent and is expected to pave the way for similar agreements with other OCC members. Ethiopia's debt restructuring target remains conclusion by mid-2026, according to Finance Minister Ahmed Shide.
• For BirrValue users, debt restructuring progress reduces Ethiopia's external financing pressure and supports medium-term macroeconomic and FX stability. Check [BirrValue](/banks) for current bank rates and [Send Money](/send-money) for remittance providers as fiscal conditions improve.