Economist Intelligence Unit report on Ethiopia for April 2011

Economist Intelligence Unit Country Report – Ethiopia

Monthly Review: April 2011

• Opposition parties claimed that more than 200 members were arrested during March to prevent attempts at organising demonstrations against the government.

• There are crucial differences between Ethiopia and the African countries that have overthrown their long-time rulers in 2011; Ethiopia has a much smaller middle-class, inferior levels of education and much lower Internet penetration.

• The government adopted a more aggressive stance against Eritrea in March by calling for the removal of the regime of the president, Isaias Afewerki, although the motives behind the increase in rhetoric are not yet clear.

• The state-owned Development Bank of Ethiopia has started to sell new government bonds, but with an inflation rate of 16.5% in February, the real interest rate on the bonds is negative and demand will probably be low.

• UK state aid for Ethiopia is planned to rise to an annual average of £331m (US$533m) up to 2015, making the country the biggest recipient of British aid.

• Interventionist policies such as the limit on bank lending, currency devaluation and price ceilings have created market distortions, leading to shortages of staple products, and may eventually cause more pain than gain.

Read the full report here.

4 comments on “Economist Intelligence Unit report on Ethiopia for April 2011

  1. Mathusala on

    It appears to me we are fighting bigger forces than appears to the eye. Eitherway, throughout our history we got our freedom by our own resources, not by the help of outside forces. The Ethiopian people should fight TPLF tooth and nail. The choice is between Hegemony and Freedom. If you want to be dominated by a minority ethnic junta, go ahead and be apathetic and be treated like a servant to the interests of a midget tribal chief. If you choose to fight for your freedom, do it with your bloood and sweat. It is much better to die than be a slave to someone who hates your gut to the core.

  2. Hussein on

    I agree with Mathusala 100% .. to fight for your freedom is life itself. thanks.

  3. bekele from adwa on

    the tplf should be removed from power ethiopia blong to all ethiopians,it should be not dictate bay minorit.

    long live the ethiopia and ethiopians.

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