Ethiopia: Double Digit Growth or Collapsing Economy?

ZeHabesha Newest Ethiopian Information Supplier
Ethiopian authorities’s rising reliance on international loans is posing a critical danger of financial collapse, a famend economist has revealed. “Take as an illustration China, which has loaned over $17 billion to the Ethiopian authorities for infrastructure tasks. Our whole funding is 40 per cent of the GDP. Our saving is between 10-20 per cent of the GDP. “We import $13 billion and export $three billion. They’re those who’re filling all these deficit gaps,” mentioned Dr Alemayehu Geda. The Addis Ababa and London universities don was presenting his paper on Overseas Direct Funding (FDI) in Ethiopia and Credit score
The submit Ethiopia: Double Digit Development or Collapsing Financial system? appeared first on ZeHabesha Newest Ethiopian Information Supplier.

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