Tag Archives: double-digit inflation

IMF Executive Board preoccupied with Ethiopia’s economic performance, its debt burden in particucular

1 Oct

By Keffyalew Gebremedhin ~ The Ethiopia Observatory (TEO)

On September 21, 2015, the 24-member Executive Board of the International Monetary Fund (IMF) concluded its annual deliberations in Washington D.C., on Ethiopia’s economic performance adopting the next phase of its policy stance.
Continue reading

Ethiopia must avoid double-digit inflation, at all costs – World Bank

26 Jul

Posted by The Ethiopia Observatory (TEO)

Guang Z. Chen, WB country director for Ethiopia

The World Bank this year set a record high funding to Ethiopia.

UntitledThe record was set both in terms of disbursement and commitment. Guang Zhe Chen, director of WB for Ethiopia, speaks about issues pertinent to the economy. One such case, perhaps, is access to finance. Manufacturing and the private sector is the other topic where Chen shared his views. Birhanu Fikade of The Reporter sat down with the country director to talk about the recent recurrent budget. Chen warns that Ethiopia should not go back to the double-digit inflationary status following the salary adjustments. Excerpts:
Continue reading

ETB 4 billion requested in supplementary budget: An incomprehensible lust for more inflation

18 Apr


It has been ten months now since Ethiopia’s parliament ‘approved’ a $7 billion budget for 2011/12. Without even the nation having the opportunity to know what use was made of their money, the dear Leader has come back to parliament to ‘request’ supplementary appropriation of $4 billion for the current fiscal year.
Continue reading

ETHIOPIA: helpless victim of twin evils—double-digit inflation and illicit financial outflows

14 Dec

By Keffyalew Gebremedhin

This article deals with two issues. The first part discusses the new data on inflation that was released Tuesday morning and therein too the failure of government to get a handle on the problems and the adverse consequences thereon to the lives of ordinary citizens and the country’s economic future. It also offers suggestions to help address structural problems of the economy and also of the need to free it from all sorts of shackles, as possible ways out of the current morass.
Continue reading

%d bloggers like this: