Ethiopian News, Current Affairs and Opinion Forum
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Zmeselo
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- Joined: 30 Jul 2010, 20:43
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by Zmeselo » 17 Jul 2025, 19:19
CONTEXT: The IMF chief gave Abiy Ahmed quite the to-do list: float the birr so its value sinks like a stone, eliminate fuel and other subsidies to make daily life and transport a luxury, and hike taxes on everything from electricity and water to food and transport, just to make sure no corner of life remains affordable and to become
Africa's most expensive city to live.
As a bonus, he was told to hand over control of key national assets like land, banks, and telecom to foreign hands. It's at that point that the incompetent leader was essentially asked if there was anything left that he could give up to push the country closer to bankruptcy ... all that, just to secure a $4.5 billion loan over four years.
You can't make this sh!t up!