Mereja.Forum

[Somaliman]

For anyone's information, the IMF was not conceived to be the answer to the economic challenges of the poorer nations. The IMF has provided its so-called assistance to many countries since it was established in 1944, yet most of these countries remain poor to date!

The IMF comes in with its own diagnosis and prescription, while ignoring the structural factors that have consigned countries to the ranks of the poor/poorer nations. All countries that have been in debt crisis are "assisted" by the IMF to get their initial loans and be indebted. All the IMF has done to help these countries is to grant them more loans to pay the interests on their initial loans and get indebted further - and of course prosper the debt owners further. There's not a single country on the planet that has benefited overall from the loans of the IMF and its sisters.

The IMF is using its loans to trap Africa, in particular, in a perpetual cycle of stranglehold indebtedness and servitude. The policies of the IMF are designed not to erase debt, but to engineer and ensure a permanent debt crisis. The story of Guinea, a country with a third of the world’s bauxite, is an excellent example of how easily and immediately a country gets trapped in the debt-austerity cycle.

"There's no such thing as a free lunch"! Any country that receives a loan from the IMF agrees on a programme of economic policies designed by the IMF itself, known as policy conditionality, which the country should commit to. In other words, the loans of the IMF come with imperatives. We've just seen one with regards to Ethiopia - forcing the country to adopt a floating exchange rate, which prevents Ethiopian government from exercising any effective monetary policy, while the country's fiscal policy is also dictated by the IMF. Countries that receive loans from the IMF are not free to use the loan(s) in the way they feel fit for purpose.

The IMF has only driven countries into a spiral of indebtedness and poverty. There's not a single country that's proud of the intervention of the IMF in their country, leave alone being grateful to it.

Among figures from the developing countries, Fidel Castro and Thomas Sankara spoke about and warned against the IMF and its poisonous debt trap. The IMF gambles on poor countries, like in a casino, and it always wins, as it asks countries for repayment of the debt/loan even when the countries have lost and are not even in a position to pay just the interests on their loans - the case of Ethiopia.

The IMF and the World Bank are nothing more than colonial tools adjusted to the modern times. Neither of them have any credible formula or pathway for poor countries to solve their economic crisis.

[Tiago]

The decision behind IMF loan to Ethiopia is also an effort to curb the flow of immigration too.
IMF record in resolving financial problems in third world countries is abysmal.
US and Europe are providers of the bulk of IMF money which are concerned with another failed state like Ethiopia exporting refugees to their respective countries.

[DefendTheTruth]

With or without the financing from IMF/WB Ethiopia has no other option than to join the free world and enter into a free market like the rest of the world, except your Sing-a-Poor.

You can take your advice to your own despot on the HoA, no risk no fun, is our maxim.

For anyone's information, the IMF was not conceived to be the answer to the economic challenges of the poorer nations. The IMF has provided its so-called assistance to many countries since it was established in 1944, yet most of these countries remain poor to date!

The IMF comes in with its own diagnosis and prescription, while ignoring the structural factors that have consigned countries to the ranks of the poor/poorer nations. All countries that have been in debt crisis are "assisted" by the IMF to get their initial loans and be indebted. All the IMF has done to help these countries is to grant them more loans to pay the interests on their initial loans and get indebted further - and of course prosper the debt owners further. There's not a single country on the planet that has benefited overall from the loans of the IMF and its sisters.

The IMF is using its loans to trap Africa, in particular, in a perpetual cycle of stranglehold indebtedness and servitude. The policies of the IMF are designed not to erase debt, but to engineer and ensure a permanent debt crisis. The story of Guinea, a country with a third of the world’s bauxite, is an excellent example of how easily and immediately a country gets trapped in the debt-austerity cycle.

"There's no such thing as a free lunch"! Any country that receives a loan from the IMF agrees on a programme of economic policies designed by the IMF itself, known as policy conditionality, which the country should commit to. In other words, the loans of the IMF come with imperatives. We've just seen one with regards to Ethiopia - forcing the country to adopt a floating exchange rate, which prevents Ethiopian government from exercising any effective monetary policy, while the country's fiscal policy is also dictated by the IMF. Countries that receive loans from the IMF are not free to use the loan(s) in the way they feel fit for purpose.

The IMF has only driven countries into a spiral of indebtedness and poverty. There's not a single country that's proud of the intervention of the IMF in their country, leave alone being grateful to it.

Among figures from the developing countries, Fidel Castro and Thomas Sankara spoke about and warned against the IMF and its poisonous debt trap. The IMF gambles on poor countries, like in a casino, and it always wins, as it asks countries for repayment of the debt/loan even when the countries have lost and are not even in a position to pay just the interests on their loans - the case of Ethiopia.

The IMF and the World Bank are nothing more than colonial tools adjusted to the modern times. Neither of them have any credible formula or pathway for poor countries to solve their economic crisis.

[Somaliman]

With or without the financing from IMF/WB Ethiopia has no other option than to join the free world and enter into a free market like the rest of the world, except your Sing-a-Poor.

You can take your advice to your own despot on the HoA, no risk no fun, is our maxim.

For anyone's information, the IMF was not conceived to be the answer to the economic challenges of the poorer nations. The IMF has provided its so-called assistance to many countries since it was established in 1944, yet most of these countries remain poor to date!

The IMF comes in with its own diagnosis and prescription, while ignoring the structural factors that have consigned countries to the ranks of the poor/poorer nations. All countries that have been in debt crisis are "assisted" by the IMF to get their initial loans and be indebted. All the IMF has done to help these countries is to grant them more loans to pay the interests on their initial loans and get indebted further - and of course prosper the debt owners further. There's not a single country on the planet that has benefited overall from the loans of the IMF and its sisters.

The IMF is using its loans to trap Africa, in particular, in a perpetual cycle of stranglehold indebtedness and servitude. The policies of the IMF are designed not to erase debt, but to engineer and ensure a permanent debt crisis. The story of Guinea, a country with a third of the world’s bauxite, is an excellent example of how easily and immediately a country gets trapped in the debt-austerity cycle.

"There's no such thing as a free lunch"! Any country that receives a loan from the IMF agrees on a programme of economic policies designed by the IMF itself, known as policy conditionality, which the country should commit to. In other words, the loans of the IMF come with imperatives. We've just seen one with regards to Ethiopia - forcing the country to adopt a floating exchange rate, which prevents Ethiopian government from exercising any effective monetary policy, while the country's fiscal policy is also dictated by the IMF. Countries that receive loans from the IMF are not free to use the loan(s) in the way they feel fit for purpose.

The IMF has only driven countries into a spiral of indebtedness and poverty. There's not a single country that's proud of the intervention of the IMF in their country, leave alone being grateful to it.

Among figures from the developing countries, Fidel Castro and Thomas Sankara spoke about and warned against the IMF and its poisonous debt trap. The IMF gambles on poor countries, like in a casino, and it always wins, as it asks countries for repayment of the debt/loan even when the countries have lost and are not even in a position to pay just the interests on their loans - the case of Ethiopia.

The IMF and the World Bank are nothing more than colonial tools adjusted to the modern times. Neither of them have any credible formula or pathway for poor countries to solve their economic crisis.

to join the free world and enter into a free market like the rest of the world

FYI, there's no such thing as "the free world" to enter or join. Neither is there such thing as "a free market like the rest of the world".

If I were you, I would just have zipped it, as uttering such a nonsense would only prove that my knowledge on this subject is zero. I'm not saying that we should know everything. What I'm rather saying is that we should not speak simply because we've to say something.

[Tiago]

what are the PP agreements with IMF loan?
IMF usually demands drastic reforms and Aby's government is run by corrupt and ethnocentric lots who will happily engage in economic mismanagement and put the country in a cycle of debt crisis.
One of the things Abiy can do is to enter genuine negotiations with those who resorted to armed struggle.stop relying on ethnic military to stay in art kilo.
I doubt the PM,Shimelis and his Oromo entourage have any interest other than spending billions on weapons ,palaces and parks.
It is highly likely Ethiopia joins Venezuela, Lebanon and Argentina.

[Somaliman]

what are the PP agreements with IMF loan?
IMF usually demands drastic reforms and Aby's government is run by corrupt and ethnocentric lots who will happily engage in economic mismanagement and put the country in a cycle of debt crisis.
One of the things Abiy can do is to enter genuine negotiations with those who resorted to armed struggle.stop relying on ethnic military to stay in art kilo.
I doubt the PM,Shimelis and his Oromo entourage have any interest other than spending billions on weapons ,palaces and parks.
It is highly likely Ethiopia joins Venezuela, Lebanon and Argentina.

The agreement was for Ethiopia to strongly commit to transformative economic reforms over the next four years. Apart from supporting Ethiopia's balance of payments and the government's budget needs, the programme is intended to stimulate private-sector led growth and spend on investment, health, education, and improving the lives of vulnerable families and individuals experiencing poverty and destitution, known as social safety nets.

But if our friend and co. spend the bailout money on other stuff, then, in a few years' time, Ethiopia would be again begging for debt restructuring and the debt burden on the population would be greater.

[DefendTheTruth]

to join the free world and enter into a free market like the rest of the world

FYI, there's no such thing as "the free world" to enter or join. Neither is there such thing as "a free market like the rest of the world".

If I were you, I would just have zipped it, as uttering such a nonsense would only prove that my knowledge on this subject is zero. I'm not saying that we should know everything. What I'm rather saying is that we should not speak simply because we've to say something.

There is a relatively free world, where someone doesn't and shouldn't stick to the seat of government for a generation. One full generation in Eritrea knows only the despot in the name of Isayas Afeworki in the seat and considers that it is God's decision.

In a relatively freer Ethiopia in the meanwhile we have seen at least 3 heads of government in the country.

[Somaliman]

to join the free world and enter into a free market like the rest of the world

FYI, there's no such thing as "the free world" to enter or join. Neither is there such thing as "a free market like the rest of the world".

If I were you, I would just have zipped it, as uttering such a nonsense would only prove that my knowledge on this subject is zero. I'm not saying that we should know everything. What I'm rather saying is that we should not speak simply because we've to say something.

There is a relatively free world, where someone doesn't and shouldn't stick to the seat of government for a generation. One full generation in Eritrea knows only the despot in the name of Isayas Afeworki in the seat and considers that it is God's decision.

In a relatively freer Ethiopia in the meanwhile we have seen at least 3 heads of government in the country.

Obviously, you're suffering from a constipation of the brain and diarrhea of the mouth. The more you blabber, the more you would prove that you're lacking in intelligence.

[DefendTheTruth]

Obviously, you're suffering from a constipation of the brain and diarrhea of the mouth. The more you blabber, the more you would prove that you're lacking in intelligence.

Now, you switched your task here in diagnosing my health conditions, jumping from the topic you started to blabber about. Should I wonder myself about that?

You don't make any sense and I deserve the right to ignore unqualified discussants, specially that of Shabia thugs.

[Fiyameta]

Source: IMF

[DefendTheTruth]

Source: IMF

Woy, Queen Fiyameta,

the point is not how much debt a nation has got, it is about if the economy can carry that much amount. Ethiopia could create an economy that can carry the 128 Billion $ until 2028, assuming it is even a forecast based on some sort of valid arguments. There are countries bearing trillions of dollars as debt but they also have a strong economy that can cope with it. Did that unsettle you that much?

[Somaliman]

Obviously, you're suffering from a constipation of the brain and diarrhea of the mouth. The more you blabber, the more you would prove that you're lacking in intelligence.

Now, you switched your task here in diagnosing my health conditions, jumping from the topic you started to blabber about. Should I wonder myself about that?

You don't make any sense and I deserve the right to ignore unqualified discussants, specially that of Shabia thugs.

You need to learn to shut up when you've nothing to say. I reiterate, you should not speak just to say something.