Addis Ababa – 29 June 2026.  The Ministry of Finance (“MoF”) of the Federal Democratic Republic of Ethiopia (“Ethiopia”) announces today that between 5 June and 28 June 2026 (the “Restricted Period”), it held restricted discussions with a group of holders (the “Ad Hoc Committee”, and together with Ethiopia, the “Parties”) of its US$ 1 billion 6.625% Notes due 2024 (ISIN US29766LAA44) (the “2024 Notes”) to discuss the potential restructuring of the 2024 Notes

IMF staff and the Ethiopian authorities have reached staff-level agreement on economic policies to conclude the fifth review of the four-year US$3.4 billion ECF arrangement. Once approved, Ethiopia will gain access to about US$468 million.