Tag Archives: World Bank

Ethiopia devalues currency, raises interest rates

12 Oct

Posted by The Ethiopia Observatory (TEO)
by Addis Fortune
 
In the midst of a Forex currency crisis, the National Bank of Ethiopia (NBE) has devalued Birr by 15pc and raised the interest rate by two percentage points to seven percent. The devaluation pegs the Ethiopian Birr at 26.91 to the dollar, up from 23.40 Br on the official market. It will be effective from tomorrow, October 11, 2017.
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Malnutrition spreads in Ethiopia, as drought worsens – reports Reuters

14 Apr

Posted by The Ethiopia Observatory (TEO)
by Katy Migiro
 

Nairobi — Poor spring rains have made Ethiopia’s worst drought in 50 years even more severe, and the government estimates the number of districts suffering a humanitarian emergency has risen by nearly one-fifth in three months.
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Food emergency increases in politically unstable Ethiopia, as drought & human rights violations worsen

13 Apr

By Keffyalew Gebremedhin – The Ethiopia Observatory (TEO)

On March 23, 2016, the man in the Ethiopian prime minister’s office appealed for international humanitarian assistance on behalf of the victims of the worsening drought in Ethiopia.
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World Bank Reinvents Tainted Aid Program for Ethiopia

30 Mar

Posted by The Ethiopia Observatory (TEO)
by Elizabeth Fraser*

OAKLAND, Mar 29 2016 (IPS) – I was taught that responsibility means admitting your mistakes and being accountable when you make a mistake. I still believe this to be true for individuals and institutions. So when a powerful group like the World Bank makes a mistake, I expect it to be accountable for its wrong-doings, and to do everything possible to make sure those mistakes don’t happen again.

Unfortunately, this couldn’t be farther from reality.
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Ethiopia, WB sign UPSNP $300 mln loan agrt on improving urban income of poorest of the poor – the rural productive safety net program (PSNP) extension

13 Jan

Editor’s Note:

    Turning Ethiopia’s economic growth into inclusive growth with World Bank resources. It is modeled after the rural productive safety net program (PSNP), whose success could not exceed in rural areas beyond keeping body and soul together for the poorest of the poor!

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EU diplomats reveal devastating impact of Ethiopia dam project on remote tribes

3 Sep

Posted by The Ethiopia Observatory (TEO)

A controversial World Bank-funded scheme to dam a major Ethiopian river and import up to 500,000 people to work in what is planned to be one of the world’s largest sugar plantations has led to tens of thousands of Africa’s most remote and vulnerable people being insensitively resettled.
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$11.4ቢ በጀት እንደጸደቀ ተጨማሪ $1.2ቢ ጄኔራል ሣሞራ ለመሣሪያ ግዥ መጠየቃቸው ‘ሕዝቡን አስፈቅደው’ ኤርትራን ለመቅጣት ወይስ ዜጎችን? ለዛውም ጦሩ በ24 ዓመታት በጀቶቹ ምን እንደገነባ ሳይነግሩን ይህ ገንዝብ መነሻ ነው አሉ! (ክፍል 3)

24 Jul

በከፍያለው ገብረመድኅን – The Ethiopia Observatory (TEO)

ክፍል ሶስት
 

መንደርደሪያ: የሥጋት ጊዜና በቅጽበት በውጥረት ወቅት ወደ ጦርነት በጀትነት የተለወጠው በጀት

የ’መንግሥት’ በጀት ላይ ይህንን ውይይት ስንጀምር (ክፍል 1) እና (ክፍል 2)፡ በሕወሃት ላይ እንዳሁኑ ዐይነት የጦርነት ከፍተኛ ሥጋት አላንዣበበም ነበር – ምንም እንኳ በዛ ያሉ መሣሪያ ያነገቡ ኃይሎች ሃገሪቱ ውስጥ መኖራቸው ቢታወቅም። ይህንን ውይይት ለመጀመር ምክንያት የሆኑኝ ሁለት ነበሩ። አንደኛው ከፍተኛ የሆነው የ$11.4 ቢሊዮን በጅት መዘጋጀቱና መጸደቁ ሲሆን፣ ሁለተኛው ደግሞ ከብዛቱ አንጻር፡ ይህ ገንዘብ ለኢትዮጵያ ልማትና ዕድገት ከመዋሉ ይልቅ፡ እንደ ወትሮው ለሕወሃት ድርጅትች ሲሣይ መሆኑ፣ መመዝበሩ አሳስቦኝና አስቆጥቶኝ ነበር/ነውም።

አሁን ደግሞ፡ በሕወሃት የጦር ኃይሎችና የሕወሃት መመዝበሪያ የሆኑት የኤኮኖሚ ድርጅቶች ከግጭቱ ዒላማዎች መካከል መሆናቸው፣ እንዲሁም በእነዚህ ሁኔታዎች በጀቱ ወደ ጦርነት በጀት መለወጡ፡ የውይይታችንን ሂደት ቀያይሮታል። መረጃ ማግኘቱ አስቸጋሪ ቢሆንም፡ በተቻለ መጠን፡ በምናውቃቸውና በሚገኙት መለኪያነት በበጀቱ ላይ ውይይቱን እንቀጥላለን – ውይይቱ፥ የጦርነቱ ዓላማና በዚሁ የታሸው አየር አካል ናቸውና።

    አዲሱ የሲቪል በጀት ወደ ጦርነት በጀት መቀየሩና ኢትዮጵያን ከዘረኛ አገዛዝ ለማላቀቅ የሚነፍሰው የጦርነት አየር የዛሬይቷን ኢትዮጵያ ለሕወሃት የትናትናዋ የማድረጉ ሥጋት እያየለ ይመስላል!
    ሕወሃት በኢትዮጵያ የፈጠረው የሕግና መዋቅራዊ ምደረ በዳነት በሁሉም ረገድ ያስከተላቸው ጠንቆችን የሚቀለብስ ሁኔታ እንዲፈጠር ግፊቱ እየተጠናከረ ነው!
    አርበኞች ግንቦት 7 ጦርነት ካወጀበት ዕለት ጀምሮ የሃገራችን አንድ ቁጥር መወያያ ይኸው ብቻ ሆኖአል! ዶ/ር ብርሃኑ ነጋ አሥመራ መውረዱ ከተነገረ ጀምሮ በሕወሃት ዙሪያ ምጽዓት እየተጠበቀ ሲሆን፣ ኢትዮጵያውያኖች ነገን በላቀ ተስፋ መጠበቅን “ሀ” ማለት ጀምረዋል!

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