Most of the debt restructuring cases that started in 2021-22 are now largely completed, both under the Common Framework, with the cases of Ethiopia, Ghana, and Zambia, and outside, with the cases of Sri Lanka and Suriname. These cases now involve only residual commercial creditors, with the exception of Ethiopia where an agreement with bondholders and some other commercial creditors is yet to be reached. Full implementation of the memoranda of understanding reached with official bilateral creditors, through finalization and signature of bilateral agreements, is also not yet completed in most cases. […]