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The latest discussion and analysis of the Ethiopian economy.

The Struggle for Sustainability: Ethiopia’s Economic Crisis Under Abiy Ahmed Leadership

The Struggle for Sustainability: Ethiopia’s Economic Crisis Under Abiy Ahmed Leadership

By Abu Girma Moges (PhD) The Ethiopian economy is plagued by poverty and stagnation, making it increasingly difficult to achieve and sustain balanced economic growth that would uplift the living standards of the majority. However, it is the distorted economic policies implemented by successive governments over the years that have hindered the population from realizing […]

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Ethiopia Fails to Pay Coupon, Becoming Latest African Defaulter

Ethiopia Fails to Pay Coupon, Becoming Latest African Defaulter

Fasika Tadesse and Colleen Goko Bloomberg Businessweek Mon, December 25, 2023 Ethiopia became Africa’s latest defaulter after it failed to make an interest payment following the end of a grace period on Monday. The Horn of Africa nation had to pay a $33 million coupon on Dec. 11. The government didn’t want to make the

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Fitch Ratings has downgraded Ethiopia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR)to ‘C’

Fitch Ratings has downgraded Ethiopia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR)to ‘C’

Fitch Ratings – Hong Kong – 14 Dec 2023: Fitch Ratings has downgraded Ethiopia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) as well as the issue rating on Ethiopia’s single outstanding Eurobond to ‘C’ from ‘CC’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. A full list of

Fitch Ratings has downgraded Ethiopia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR)to ‘C’ Read More »

Is the Economy of Ethiopia Progressing? Open Letter to the Prime Minster and the Government

Is the Economy of Ethiopia Progressing? Open Letter to the Prime Minster and the Government

Over a year ago, on August 24, 2022, I penned an open letter to express my concerns about the progress of the Ethiopian economy. At that time, I implored all of us to take a closer look at the challenges facing our nation and to work collectively towards finding solutions. Now, more than a year

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Ethiopia’s demand for access to financial support from the International Monetary Fund (IMF) still remains in the grey despite over half a year wait.

Ethiopia’s demand for access to financial support from the International Monetary Fund (IMF) still remains in the grey despite over half a year wait.

By Capital  Ethiopia In the latest press briefing held on Thursday, September 28 the Director of Communication Department for the IMF, Julie Kozack, shared economic support progresses but did however not touch upon the prior request. As Julie expressed, discussions are underway on economic policies and reforms that could potentially be supported by an IMF

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All-in-one-platform for Creating Post-scarcity Economy in Ethiopia:  Part One – Part Ten

All-in-one-platform for Creating Post-scarcity Economy in Ethiopia: Part One – Part Ten

Introduction In successive ten parts with a continuing title, I presented for your consideration three documents (definitions and technical descriptions) on the creation of a post-scarcity economy of Ethiopia. The first document is about vision and mission formations (Part Three, Part Four and Part Five), the second document deals with long-term planning (Part Six, Part

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Economic Strategic Vision Roadmap for Ethiopia: Part Ten

Economic Strategic Vision Roadmap for Ethiopia: Part Ten

Tsegaye Tegenu, PhD 2023-09-21 In successive nine parts with a continuing title, I presented for your consideration three documents (definitions and technical descriptions) on the creation of a post-scarcity economy of Ethiopia. The first document is about vision and mission formations (Part Three, Part Four and Part Five), the second document deals with long-term planning

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Economic Strategic Vision Roadmap for Ethiopia: Part Nine

Economic Strategic Vision Roadmap for Ethiopia: Part Nine

Tsegaye Tegenu, PhD 2023-09-19   In part nine I will discuss the enabling environments and financial self-reliance principles of the vision of creating post-scarcity economy of Ethiopia. Before proceeding, I would like to summarize the different policy areas of post-scarcity economy of Ethiopia which I tried to identify in part eight based on the criteria

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Economic Strategic Vision Roadmap for Ethiopia: Part Eight

Economic Strategic Vision Roadmap for Ethiopia: Part Eight

Tsegaye Tegenu, PhD 2023-09-16 In part seven I have outlined 23 strategies and 82 polices for the vision goals of creating post-scarcity economy of Ethiopia. Implementing them, however, needs prioritization and mixing approach. Prioritization allows the government to concentrate efforts on addressing the most pressing economic challenges, sequencing policies and help allocate limited resources. Mixing

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Economic Strategic Vision Roadmap for Ethiopia: Part Seven

Economic Strategic Vision Roadmap for Ethiopia: Part Seven

Tsegaye Tegenu, PhD 2023-09-14   In part six we have mentioned about 23 strategies for the creation of a post-scarcity economy of Ethiopia. These strategies cannot be directly implemented by themselves. They require a number of policies, namely, standards, principles and rules that have to be adhered to when implementing a strategy. By definition a

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Economic Strategic Vision Roadmap for Ethiopia: Part Five 

Economic Strategic Vision Roadmap for Ethiopia: Part Five 

Tsegaye Tegenu, PhD 2023-09-09 This part discusses one of the third steps of the Economic Strategic Vision Roadmap making, namely choice of vision goals. As discussed in Part Four, the economic vision of the Ethiopian people and Government is the “creation of post-scarcity economy in which resources and goods are so abundant that they are

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Economic Strategic Vision Roadmap for Ethiopia: Part Three 

Economic Strategic Vision Roadmap for Ethiopia: Part Three 

Tsegaye Tegenu, PhD 2023-09-05 Part Three discusses the first step of the Economic Strategic Vision Roadmap making, namely root cause analysis of the economic situation of the country. By definition, root cause analysis is a systematic and interdisciplinary approach used to identify the underlying or fundamental causes of problems, incidents, or failures. The purpose of

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