Blog Archives

Ethiopia’s “Odious Debt” to the Odious World Bank

FEBRUARY 8, 2015 10:57PM

WBEthiopia as “sovereign deadbeat” state due to debts incurred by the T-TPLF

In my last commentary, The World Bank and Ethiopia’s “Growth and Transformation”, I cryptically observed in passing, “… The USD$600 million is money

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Ethiopia News

The World Bank and Ethiopia’s “Growth and Transformation”

Growth Transformation10The World Bank lies, Ethiopia dies… from onerous “odious debt”

I had completely forgotten about the so-called “Growth and Transformation Plan” (GTP) of 2010, until the World Bank reminded me of it last week.

That “Plan” was the late Meles …

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Ethiopia News

Why is Ethiopia the second poorest country on the planet?

ethiopia povertyRecently, a well-known correspondent for one of the major American media outlets stationed in Ethiopia sent me an email grousing about my article urging boycott of Coca Cola in Ethiopia. He wrote, “I’m sorry to be blunt, but I don’t …

Tagged with: , , , , , , , , , , , , , , , , , , , , ,
Posted in Ethiopia News

Why is Ethiopia Poor?

First, Why is Africa Poor?

George Ayittey, the renowned Ghanaian economist and president of the Free Africa Foundation swears that “Africa is poor because she is not free”. Like Ayittey, Robert Guest, business editor for The Economist, in his book …

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Ethiopia News