Saturday, November 8, 2014

Is Ethiopia's Sovereign Debt Sustainable?

Pambazuka News published on 5 November 2014 an analysis titled "Is Ethiopia's Sovereign Debt Sustainable?" by Seid Hassan at Murray State University, Minga Negash at Metropolitan State University, Tesfaye T. Lemma at the University of the District of Columbia, and Abu Girma Moges at the University of Tsukuba in Japan. 

The authors concluded that the external debt of Ethiopia has returned to and even surpassed the level where it was before the debt-write-offs.  Ethiopia's external public debt should be a concern in that its growth has been dramatic and has not been matched by a vibrant and diversified export sector.

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