The U.S. has asked banks to suspend funding to Ethiopia as fresh reports of human rights abuses surfaced (Bloomberg)
Posted: 28 May 2021, 13:13
U.S. to Freeze Funding for Ethiopia as Tigray Abuses Surface
The U.S. has asked multilateral development banks to suspend funding to Ethiopia as fresh reports of human rights abuses surfaced from the war-torn Tigray region.
The unending conflict in Tigray, a region that borders with Eritrea, has resulted in a famine-like situation, Robert Godec, the acting assistant secretary for the State Department’s Bureau of African Affairs told a Senate panel on Thursday. The U.S. on May 24 imposed “wide-ranging” economic sanctions against Africa second-most populous nation.
“There are confirmed reports of Tigrayans dying from malnutrition and starvation,” Godec said. As a result, the U.S. is “withholding support for new lending from multilateral development banks that does not address basic human needs and are asking our allies to do likewise,” he said.
The latest move will result in the World Bank and the International Monetary Fund withholding funding to a nation led by Nobel laureate Prime Minister Abiy Ahmed, who wooed foreign investors by pledging to open up the large African economy. Ethiopia received $1 billion of U.S. aid last year.
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The U.S. has asked multilateral development banks to suspend funding to Ethiopia as fresh reports of human rights abuses surfaced from the war-torn Tigray region.
The unending conflict in Tigray, a region that borders with Eritrea, has resulted in a famine-like situation, Robert Godec, the acting assistant secretary for the State Department’s Bureau of African Affairs told a Senate panel on Thursday. The U.S. on May 24 imposed “wide-ranging” economic sanctions against Africa second-most populous nation.
“There are confirmed reports of Tigrayans dying from malnutrition and starvation,” Godec said. As a result, the U.S. is “withholding support for new lending from multilateral development banks that does not address basic human needs and are asking our allies to do likewise,” he said.
The latest move will result in the World Bank and the International Monetary Fund withholding funding to a nation led by Nobel laureate Prime Minister Abiy Ahmed, who wooed foreign investors by pledging to open up the large African economy. Ethiopia received $1 billion of U.S. aid last year.
Continue reading https://www.bloomberg.com/news/articles ... es-surface