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Eth$33 billion is a lot of money for a poor country
Posted: 02 Aug 2024, 23:45
by Dama
Re: Eth$33 billion is a lot of money for a poor country
Posted: 03 Aug 2024, 01:22
by sesame
Doma ras,
Is the $33 billion the debt that Agames incurred on Ethiopians? If so, it is definitely a lot. Even if Ethiopians have to pay 1% interest per year, that is $330 million, a huge chunk indeed.
Re: Eth$33 billion is a lot of money for a poor country
Posted: 03 Aug 2024, 03:40
by Dama
sesame wrote: ↑03 Aug 2024, 01:22
Doma ras,
Is the $33 billion the debt that Agames incurred on Ethiopians? If so, it is definitely a lot. Even if Ethiopians have to pay 1% interest per year, that is $330 million, a huge chunk indeed.
It's not ascaris worries. Leave us alone.
The problem as I see it is not the largeness of the borrowed money. It's the projects it is spent on is not money generating as ut should.
Re: Eth$33 billion is a lot of money for a poor country
Posted: 03 Aug 2024, 04:43
by DefendTheTruth
sesame wrote: ↑03 Aug 2024, 01:22
Doma ras,
Is the $33 billion the debt that Agames incurred on Ethiopians? If so, it is definitely a lot. Even if Ethiopians have to pay 1% interest per year, that is $330 million, a huge chunk indeed.
$330 million is a huge chunk for Sing-a-Poor, not for Ethiopia, East-Africa's biggest economy, third largest economy in Sub-Saharan countries.
There can't be worse Doma Ras than this of yours.
Re: Eth$33 billion is a lot of money for a poor country
Posted: 03 Aug 2024, 06:14
by sesame
Give me a break. You are only cheating yourself with such inane claims. Your prime minister has just sold your country, and you have the audacity to brag. In fact, Ethiopia is becoming a basket case before our eyes. It could have been avoided but you have infantile accidental leaders with little talent to lead! God save the 120 million Ethiopians because what is coming is Armageddon!
LONDON, Dec 26 (Reuters) - Ethiopia became Africa's third default in as many years on Tuesday after it failed to make a $33 million "coupon" payment on its only international government bond.
Africa's second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of the COVID-19 pandemic and a two-year civil war that ended in November 2022.
DefendTheTruth wrote: ↑03 Aug 2024, 04:43
sesame wrote: ↑03 Aug 2024, 01:22
Doma ras,
Is the $33 billion the debt that Agames incurred on Ethiopians? If so, it is definitely a lot. Even if Ethiopians have to pay 1% interest per year, that is $330 million, a huge chunk indeed.
$330 million is a huge chunk for Sing-a-Poor, not for Ethiopia, East-Africa's biggest economy, third largest economy in Sub-Saharan countries.
There can't be worse Doma Ras than this of yours.
Re: Eth$33 billion is a lot of money for a poor country
Posted: 03 Aug 2024, 06:22
by DefendTheTruth
Doma Ras,
the old story here is how one can use $33 Million to as bargaining chip to win over $4.9 Billion in less than a year's time. But you are light years away from such a wisdom, bear it!
No one is more Doma Ras than you are!
sesame wrote: ↑03 Aug 2024, 06:14
Give me a break. You are only cheating yourself with such inane claims. Your prime minister has just sold your country, and you have the audacity to brag. In fact, Ethiopia is becoming a basket case before our eyes. It could have been avoided but you have infantile accidental leaders with little talent to lead! God save the 120 million Ethiopians because what is coming is Armageddon!
LONDON, Dec 26 (Reuters) - Ethiopia became Africa's third default in as many years on Tuesday after it failed to make a $33 million "coupon" payment on its only international government bond.
Africa's second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of the COVID-19 pandemic and a two-year civil war that ended in November 2022.
DefendTheTruth wrote: ↑03 Aug 2024, 04:43
sesame wrote: ↑03 Aug 2024, 01:22
Doma ras,
Is the $33 billion the debt that Agames incurred on Ethiopians? If so, it is definitely a lot. Even if Ethiopians have to pay 1% interest per year, that is $330 million, a huge chunk indeed.
$330 million is a huge chunk for Sing-a-Poor, not for Ethiopia, East-Africa's biggest economy, third largest economy in Sub-Saharan countries.
There can't be worse Doma Ras than this of yours.
Re: Eth$33 billion is a lot of money for a poor country
Posted: 03 Aug 2024, 06:48
by sesame
Dtt,
I think the pressure is getting to you just as it is getting to your clownish PM. You may lie to yourself but please don't try to lie to us. We are too well informed for that. First of all, it isn't a lottery you won but a loan that you got. That is, it has to be paid back. Second, it is $3.4 billion. Third, it is to be disbursed over 4 years and not this year. Here is what the IMF says.
DefendTheTruth wrote: ↑03 Aug 2024, 06:22
Doma Ras,
the old story here is how one can use $33 Million to as bargaining chip to win over $4.9 Billion in less than a year's time. But you are light years away from such a wisdom, bear it!
No one is more Doma Ras than you are!
sesame wrote: ↑03 Aug 2024, 06:14
Give me a break. You are only cheating yourself with such inane claims. Your prime minister has just sold your country, and you have the audacity to brag. In fact, Ethiopia is becoming a basket case before our eyes. It could have been avoided but you have infantile accidental leaders with little talent to lead! God save the 120 million Ethiopians because what is coming is Armageddon!
LONDON, Dec 26 (Reuters) - Ethiopia became Africa's third default in as many years on Tuesday after it failed to make a $33 million "coupon" payment on its only international government bond.
Africa's second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of the COVID-19 pandemic and a two-year civil war that ended in November 2022.
DefendTheTruth wrote: ↑03 Aug 2024, 04:43
sesame wrote: ↑03 Aug 2024, 01:22
Doma ras,
Is the $33 billion the debt that Agames incurred on Ethiopians? If so, it is definitely a lot. Even if Ethiopians have to pay 1% interest per year, that is $330 million, a huge chunk indeed.
$330 million is a huge chunk for Sing-a-Poor, not for Ethiopia, East-Africa's biggest economy, third largest economy in Sub-Saharan countries.
There can't be worse Doma Ras than this of yours.
Re: Eth$33 billion is a lot of money for a poor country
Posted: 03 Aug 2024, 09:27
by Dama
DefendTheTruth wrote: ↑03 Aug 2024, 04:43
sesame wrote: ↑03 Aug 2024, 01:22
Doma ras,
Is the $33 billion the debt that Agames incurred on Ethiopians? If so, it is definitely a lot. Even if Ethiopians have to pay 1% interest per year, that is $330 million, a huge chunk indeed.
$330 million is a huge chunk for Sing-a-Poor, not for Ethiopia, East-Africa's biggest economy, third largest economy in Sub-Saharan countries.
There can't be worse Doma Ras than this of yours.
It's an infrastructure investment. You make sure the return on the investment is solid. Models studied and tested over a couple of years or even longer. Again the return on investment models tested and tested. Out of caution not to lose and bankrupt a nation.
Also on such city/town renewal plan, citizens's views are requested, helpful ideas included on the project.
This is called a cost-benefit analysis. The the estimate benefit is more than the cost , the project may be allowed. This is the ABC of Town Planning Science. Not followed in this case.
The above procedure is when the project is dully considered a priority. This Corridor Dev was not public priority.
Public priorities were ignored. Addis residents do suffer from lack of drinking water, stable electricity supply, wastewater disposal infrastructure, flooding, etc.
Re: Eth$33 billion is a lot of money for a poor country
Posted: 03 Aug 2024, 16:18
by DefendTheTruth
መጠራዬን ወስደህ ለሌላ አትስጥብኝ ነዉ፣ ወይስ ምንድነዉ ችግርህ?
በል መልሼልሃለሁ፤ ዶማ ራስ!
Dama wrote: ↑03 Aug 2024, 09:27
DefendTheTruth wrote: ↑03 Aug 2024, 04:43
sesame wrote: ↑03 Aug 2024, 01:22
Doma ras,
Is the $33 billion the debt that Agames incurred on Ethiopians? If so, it is definitely a lot. Even if Ethiopians have to pay 1% interest per year, that is $330 million, a huge chunk indeed.
$330 million is a huge chunk for Sing-a-Poor, not for Ethiopia, East-Africa's biggest economy, third largest economy in Sub-Saharan countries.
There can't be worse Doma Ras than this of yours.
It's an infrastructure investment. You make sure the return on the investment is solid. Models studied and tested over a couple of years or even longer. Again the return on investment models tested and tested. Out of caution not to lose and bankrupt a nation.
Also on such city/town renewal plan, citizens's views are requested, helpful ideas included on the project.
This is called a cost-benefit analysis. The the estimate benefit is more than the cost , the project may be allowed. This is the ABC of Town Planning Science. Not followed in this case.
The above procedure is when the project is dully considered a priority. This Corridor Dev was not public priority.
Public priorities were ignored. Addis residents do suffer from lack of drinking water, stable electricity supply, wastewater disposal infrastructure, flooding, etc.
