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ETHIOPIA: EU aid provides political and economic win
Details
DOI: 10.1108/OXAN-ES282419
ISSN: 2633-304X
Keywords
Geographic
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Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…
Both are desperately needed, as G20 debt service relief will soon expire, and as the conflict in northern Ethiopia increasingly strains the economy and the government’s finances.
The government hopes this plan will above all inject fresh foreign currency into the cash-starved economy. Recently, it has had to manage its dwindling foreign exchange (forex…