Ethiopia’s government plans to take unspecified action against military forces in the northern Tigray region who oppose efforts to bring peace to the war-torn area.
(Bloomberg) — Ethiopia’s government plans to take unspecified action against military forces in the northern Tigray region who oppose efforts to bring peace to the war-torn area.
“We call upon our people living in the Tigray region to stay away from the areas where the Tigray People’s Liberation Front’s military equipment and training facilities are located,” the Government Communication Service said in a statement posted on Twitter on Friday.
Fighting between Ethiopian troops and Tigray forces erupted two days ago, five months after the two sides agreed a humanitarian cease-fire.
The truce halted 16 months of conflict that displaced millions of people and left most of Tigray without power or reliable communications.
The resumption of fighting will hamper efforts by Ethiopia’s government to improve relations with international financiers, as it awaits an International Monetary Fund loan amid efforts to revamp its debt.
The nation’s eurobonds have slumped since hostilities started on Wednesday, with the yield on 2024 debt surging more than 200 basis points to trade at 36.22% on Friday.
Read: End of Ethiopia Truce May Undermine Financing Talks: Eurasia
(Updates with bond yields surging in fourth paragraph.)
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