Thursday, January 20, 2022

Threats to Ethiopia's Economy

 Responsible Statecraft, online magazine of the Quincy Institute for Responsible Statecraft, published on 19 January 2022 a commentary titled "Ethiopia Needs More than Peace Talks" by Alex de Waal.  

The author concluded that Ethiopia needs a rescue package to prevent galloping inflation, restructure its debts, and keep the economy functioning.  Donors will not solve these problems if Ethiopia continues to spend its foreign exchange on the war.  The only donors with the ability to achieve these goals are Western countries and international financial institutions.