This is according to a committee representing bondholders.

The salvo is the latest battle between the creditor committee, the IMF and Ethiopia over whether the country is facing a liquidity issue, meaning it might only need more time to pay, or a solvency issue, which could require creditors to take a haircut on their loans.

"The committee disagrees with the conclusions reached by the IMF in the staff report," it said in a statement, adding that the IMF analysis "incorporates export projections and reserve adequacy targets that do not align with the Committee's assessment of Ethiopia's economic fundamentals."

--Reuters--