It was within a few months of Prime Minister Abiy Ahmed (PhD)’s administration coming into office that a radical economic reform program was launched. The government announced their decision to privatize key public enterprises, including Ethio telecom, Ethiopian Airlines and other public utilities. The urgency with which the authorities got Read more…
Ethiopia needs a deeper economic reform agenda that is rooted in evidence-based decision-making. A cursory glance through Ethiopia’s economic literature leaves one to wonder if there are two Ethiopias. On the one hand, official reports paint a rosy picture. It has often been referred to as one of the fastest-growing Read more…
I saw these traditional farming, harvesting, implements and the beauty of Oromo Language suddenly overwhelmed me. As you may know the one Berhanu (left hand side) holds in his left hand is called Fonqolcha, the other held by Jawar (right hand side) is called Darbaa (in Chabo Wancii/Wanchii area, West Read more…
In December 2019 alone, Ethiopia’s external debt stock has increased by about US$ 9 billion. The multilateral agencies, the International Monetary Fund (IMF) and the World Bank, each approved about US$ 3 billion. The VOA has quoted PM Abiy’s tweet referring to unnamed source pledging yet another US$ 3 billion. Read more…
This piece is the second of a two part series. The first part, Ethiopia’s Rapidly Inflating Debt Mountain, has set the background by presenting and discussing facts and figures on Ethiopia external debt and also providing a highlight of domestic debt. This part of the series will build on part Read more…