IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
IMF to Approve $3 Billion Loan for Ethiopia https://www.tesfanews.net/imf-approve-t ... opia-loan/
Re: IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
Some voices.
(Raee):
Wow "Three billion"?! "ሕዳር ትልቅሕዮ ማዓስ ትኸፍልዮ?" ብቐደሙዶ ስቕ ኢልካ "ይስለም" ኮይኑ? They really know how to control a country, without shooting a bullet. I remember somewhere in John Perkins' book "Confessions of an Economic Hit Man," he said something like this,
_________
__________________
(Laleylaley):
This probably explains why the birr has been devalued, over last month. The country is broke.
I like the part which stated that Ethiopia
Ethiopia has actually experienced a noticeable shortage, since at least 2012. And every time, the solution was to "ignore it" (Debretsion) or loan even more. This problem is actually caused by the TPLF. Ethiopia had a 100% debt forgiveness back in 2006/2007 (after they invaded Somalia) but quickly racked up huge amounts in a short time.
Not only did Abiy choose to prioritize the wrong things but it is quite clear Ethiopia is heading towards a nightmare.
We're talking about an ethnic based (with their own militias), debt ridden, foreign currency crunched country planning to have an election.. Now all the politicians will make promises to build, invest etc.. With what money?
This is madness I tell you. Madness.
(Raee):
Wow "Three billion"?! "ሕዳር ትልቅሕዮ ማዓስ ትኸፍልዮ?" ብቐደሙዶ ስቕ ኢልካ "ይስለም" ኮይኑ? They really know how to control a country, without shooting a bullet. I remember somewhere in John Perkins' book "Confessions of an Economic Hit Man," he said something like this,
ኢትዮጵያ መዋጽእቲ ይፍጠረልኪ ጥራሕ'ዩ ዘብል።when the West loans a country, they make sure the loan is so big it can not be paid back..., and in turn they can control its resources for years to come...
_________
__________________
(Laleylaley):
This probably explains why the birr has been devalued, over last month. The country is broke.
I like the part which stated that Ethiopia
Recently??!enjoyed a decade of high growth but RECENTLY ran into a capacity constraint and chronic shortage of foreign exchange
Ethiopia has actually experienced a noticeable shortage, since at least 2012. And every time, the solution was to "ignore it" (Debretsion) or loan even more. This problem is actually caused by the TPLF. Ethiopia had a 100% debt forgiveness back in 2006/2007 (after they invaded Somalia) but quickly racked up huge amounts in a short time.
Not only did Abiy choose to prioritize the wrong things but it is quite clear Ethiopia is heading towards a nightmare.
We're talking about an ethnic based (with their own militias), debt ridden, foreign currency crunched country planning to have an election.. Now all the politicians will make promises to build, invest etc.. With what money?
This is madness I tell you. Madness.
Re: IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
(Hillal):
In the last 20 yrs Ethiopia was able to get 39 billion in loans, grants, and economic aid. Sadly, 39 billion in capital flight from the country due to corruption, theft, and money laundering. Thus, building white elephant and prestige buildings and letting the IMF and WB write your economic master plans are not the idle ways for achieving sustainable economic development.
Eritrea's self-reliance and can-do spirit and be master of your economic destiny is a far more reliable economic route than Ethiopia's culture and addiction to aid, begging and asking for handouts.
Micromanaging the developing countries economies by the powers that be that are quick to prescribe debilitating structural economic adjustments that create mass economic dislocations and are unable to swallow their own medicine when it comes to their own nations' economies doesn't make sound economic sense.
Remember when we were hoodwinked during the financial crisis and meltdown then arcane words were used -stocks/bonds became quantum derivatives, bank robbers became fund managers, addiction/gambling became irrational exuberance, bankruptcy became toxic assets and government bailout became stimulus package. Sadly, the middle class has to bail the so called to big to fail oligarchies.
We are living in an era, that distinguishing between private and public enterprises are getting harder and harder. After all, we living in a world governed by big banks and oligarchies - corporate democracy not peoples democracy. Elections are financed by the oligarchies and elected officials are subservient to the corporations.
In the last 20 yrs Ethiopia was able to get 39 billion in loans, grants, and economic aid. Sadly, 39 billion in capital flight from the country due to corruption, theft, and money laundering. Thus, building white elephant and prestige buildings and letting the IMF and WB write your economic master plans are not the idle ways for achieving sustainable economic development.
Eritrea's self-reliance and can-do spirit and be master of your economic destiny is a far more reliable economic route than Ethiopia's culture and addiction to aid, begging and asking for handouts.
Micromanaging the developing countries economies by the powers that be that are quick to prescribe debilitating structural economic adjustments that create mass economic dislocations and are unable to swallow their own medicine when it comes to their own nations' economies doesn't make sound economic sense.
Remember when we were hoodwinked during the financial crisis and meltdown then arcane words were used -stocks/bonds became quantum derivatives, bank robbers became fund managers, addiction/gambling became irrational exuberance, bankruptcy became toxic assets and government bailout became stimulus package. Sadly, the middle class has to bail the so called to big to fail oligarchies.
We are living in an era, that distinguishing between private and public enterprises are getting harder and harder. After all, we living in a world governed by big banks and oligarchies - corporate democracy not peoples democracy. Elections are financed by the oligarchies and elected officials are subservient to the corporations.
Re: IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
Eritrea is running on Debt and Has a High Debt to GDP ratio...Have of Eritrea's GDP goes to Debt because of the Government of Isayas's Mismanagement (politically, socially, economically the Resources of Eritrea especially the Human Population of ERitrea being used as Slaves)
https://www.statista.com/statistics/531 ... f-eritrea/
The statistic shows the national debt of Eritrea from 2014 to 2024. In 2018, the estimated national debt of Eritrea amounted to around 3.52 billion U.S. dollars.
Eritrea - Credit Rating at 15.00
Eritrea Terrorism Index at 0.00
Ease of Doing Business in Eritrea at 189.00
Eritrea Population at 6.50 Million
Eritrea Sales Tax Rate - VAT at 5.00 percent
Eritrea Government Debt to GDP at 20.10 percent
Eritrea Government Budget at -12.60 percent of GDP
Eritrea GDP Annual Growth Rate at 4.20 percent
Eritrea Current Account to GDP at 0.30 percent
Eritrea Unemployment Rate at 6.50 percent
Eritrea Inflation Rate at 9.00 percent
Eritrea GDP per capita PPP at 2102.95 USD
Eritrea GDP per capita at 715.90 USD
Eritrea GDP at 6.72 USD Billion
Eritrea Corruption Index at 24.00 Points
Eritrea Corruption Rank at 157.00
Eritrea Current Account at 617.00 USD Million
Eritrea Imports at 1037.00 USD Million
Eritrea Balance of Trade at -702.00 USD Million
Eritrea Exports at 335.00 USD Million
https://www.statista.com/statistics/531 ... f-eritrea/
The statistic shows the national debt of Eritrea from 2014 to 2024. In 2018, the estimated national debt of Eritrea amounted to around 3.52 billion U.S. dollars.
Eritrea - Credit Rating at 15.00
Eritrea Terrorism Index at 0.00
Ease of Doing Business in Eritrea at 189.00
Eritrea Population at 6.50 Million
Eritrea Sales Tax Rate - VAT at 5.00 percent
Eritrea Government Debt to GDP at 20.10 percent
Eritrea Government Budget at -12.60 percent of GDP
Eritrea GDP Annual Growth Rate at 4.20 percent
Eritrea Current Account to GDP at 0.30 percent
Eritrea Unemployment Rate at 6.50 percent
Eritrea Inflation Rate at 9.00 percent
Eritrea GDP per capita PPP at 2102.95 USD
Eritrea GDP per capita at 715.90 USD
Eritrea GDP at 6.72 USD Billion
Eritrea Corruption Index at 24.00 Points
Eritrea Corruption Rank at 157.00
Eritrea Current Account at 617.00 USD Million
Eritrea Imports at 1037.00 USD Million
Eritrea Balance of Trade at -702.00 USD Million
Eritrea Exports at 335.00 USD Million
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Bete Gojjam
- Member
- Posts: 976
- Joined: 02 Nov 2019, 03:48
Re: IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
Loser Pente Terrorist Abiy Ahmed He will get crushed by Oromos soon or later and his stupïdity is destroying Ethiopia. SHOOT DOWN ABIY!
Re: IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
Debt decreased in Eritrea
https://countryeconomy.com/national-debt/eritrea
In 2018 Eritrea public debt was 3,497 million dollars, has decreased 269 million since 2017.
This amount means that the debt in 2018 reached 174.31% of Eritrea GDP, a 21.85 percentage point fall from 2017, when it was 196.16% of GDP.
If we check the tables we can see the evolution of Eritrea debt. It has risen since 2008 in global debt terms, when it was 2,397 million dollars although it has fallen as a percentage of GDP, when it amounted to 259.67%.
According to the last data point published, Eritrea per capita debt in 2018 was 690 dollars per inhabitant. In 2017 it was 743 dollars, afterwards dropping by 53dollars, and if we again check 2008 we can see that then the debt per person was 783 dollars .
The position of Eritrea, as compared with the rest of the world, has improved in 2018 in terms of GDP percentage. Currently it is country number 183 in the list of debt to GDP and 40 in debt per capita, out of the 186 we publish.
In this page we show you the progression of the public debt in Eritrea. You can see debt in other countries in Public debt and see all the information about Eritrea in economy of Eritrea.
https://countryeconomy.com/national-debt/eritrea
In 2018 Eritrea public debt was 3,497 million dollars, has decreased 269 million since 2017.
This amount means that the debt in 2018 reached 174.31% of Eritrea GDP, a 21.85 percentage point fall from 2017, when it was 196.16% of GDP.
If we check the tables we can see the evolution of Eritrea debt. It has risen since 2008 in global debt terms, when it was 2,397 million dollars although it has fallen as a percentage of GDP, when it amounted to 259.67%.
According to the last data point published, Eritrea per capita debt in 2018 was 690 dollars per inhabitant. In 2017 it was 743 dollars, afterwards dropping by 53dollars, and if we again check 2008 we can see that then the debt per person was 783 dollars .
The position of Eritrea, as compared with the rest of the world, has improved in 2018 in terms of GDP percentage. Currently it is country number 183 in the list of debt to GDP and 40 in debt per capita, out of the 186 we publish.
In this page we show you the progression of the public debt in Eritrea. You can see debt in other countries in Public debt and see all the information about Eritrea in economy of Eritrea.
Re: IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
Good for them? Not anybody gets loan... only the approved once:
For $ 3 billion loan Eritrea could build around Massawa and asseb the following:
Expand the two free trade zones and build two fully equipped industrial parks, two international air ports, two each five star hotels and two each resorts, expand the farms around the newly built micro dams, drill and find our oil and natural gas, also, build fish processing plant, one cement and building materials facility.
These can create 100,000 +jobs (Jobs for the heroes who have been defending the homeland tirelessly)
And with robust economy these loan can be paid back in 10 years
Plus a retirement mansion for the dictator & family one in Asmara and one in Massawa.
For $ 3 billion loan Eritrea could build around Massawa and asseb the following:
Expand the two free trade zones and build two fully equipped industrial parks, two international air ports, two each five star hotels and two each resorts, expand the farms around the newly built micro dams, drill and find our oil and natural gas, also, build fish processing plant, one cement and building materials facility.
These can create 100,000 +jobs (Jobs for the heroes who have been defending the homeland tirelessly)
And with robust economy these loan can be paid back in 10 years
Plus a retirement mansion for the dictator & family one in Asmara and one in Massawa.
Re: IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
White people's a loan or aid money to makes you a yes sir nation..Abey stick with Issayas's philophy if you are realy want to stand for the nation
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Digital Weyane
- Member+
- Posts: 9703
- Joined: 19 Jun 2019, 21:45
Re: IMF to Approve $3 Billion Loan for Ethiopia. ' good job Dr Abiy Ahemed '
Guess who is responsible for paying back the $40 billion dollars we Weyane borrowed to developed our Greater Republic of Tigray? 
You guessed it: The gullible Amhara and Oromo. 
You guessed it: The gullible Amhara and Oromo.