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Za-Ilmaknun
- Member
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- Joined: 15 Jun 2018, 17:40
Re: IMF Urges Swift Formation of Creditor Committee for Ethiopia Debt Relief
TPLF left heavy burden of debt on the country. By initiating so many Mega projects designed to serve as vehicles to launder billions, the TPLF looters left the country vulnerable to financial pressure. As it stands now, the country's debt to GDP ratio is about 56% and, isn't expected to get lower anytime soon. However, when compared to the US's 134% and Chinas 267%, Kenya's 71% England 97%, Gahan 70% Ethiopia's debt pales. In absolute terms, the national debt of Ethiopia currently is about $52 Billion up from $20 Billion in 2016.
A debt-to-GDP ratio of 60% is quite often noted as a prudential limit for developed countries. For developing and emerging economies, 40% is the suggested debt-to-GDP ratio .
I am afraid the US and EU may employ the debt pressure as one more tool to further their agenda of bringing Eth in to submission to their demands. We are now requesting for chapter 13 and hope that it won't progress to chapter 7 :
A debt-to-GDP ratio of 60% is quite often noted as a prudential limit for developed countries. For developing and emerging economies, 40% is the suggested debt-to-GDP ratio .
I am afraid the US and EU may employ the debt pressure as one more tool to further their agenda of bringing Eth in to submission to their demands. We are now requesting for chapter 13 and hope that it won't progress to chapter 7 :