How anyone, including someone as ignorant of African Politics as myself, could believe today that the IMF and the World Bank put the best interests of Citizens first, is beyond me. Peace and love to all. ct
this guy is genius how logically classify the issues with out knowing the deep rooted local politics, where us our habesha people doesn't use their cognitive intelligence to analyze how things go round in terms of economy and local politics
Yeah, Aby Ahmed need to borrow money because he wanted to wage a new war with Amhara. I hope that idiot Aby doesn't get the money. Money or not Aby Ahmed will be deposed from power.
This person is really great!!! We have to stand together to fight those who want us remain poor and loyal to Euro-western -centric agendas; whatso ever our internal differences in political ideology and miserable life issues. The Ethiopian government should fight corruption and mismanagement pf resources.
It's wonderful explanation wich is the only and only way to come out of poverty is to use indigenous resources to develop the country. Thanks for Sharing.
That won’t work there are too many people in Ethiopia they are pouring into Addis from the countryside as we speak and don’t have any hope to be successful in such an expensive city. The big population will be a major problem to overcome poverty.
Thanks Hermela and Eugene for this interesting and informative interview. Always appreciate your analysis and professionalism.Ethiopia is heading to prosperity and great success. We always love to hear your positive and encouraging professional assessment. Keep it up!
You mean Killing and displacing millions of innocent citizens ? coast of living not only in the big cities but the entire country sky rocketing to the point nobody can't afford? the brutal killing, arrest, beating journalists and oppositions? Ethinc cleansing specifically on Amhara's in oromeya? Not accountability for the lose of life and properties in that ridiculous war with TPLF ? So Which one you call it prosperity? You think building parks and some shine library alone makes a country prosperous? Open your eys .
Eugene you're probably one of the smartest commentators on the horn of Africa and beyond. Your understanding of geopolitics and American foreign policy is unmatched. One thing I want to point out to you however is that Ethiopia and China or indeed South Korea do not have historical similarities. The Chinese had gone through brutal cultural revolution during Mao's time to revive an existing nation technologically and interms of nation level thinking. Ethiopia is several nations patched together within a soverien country and will need to go through several decades nation building process before any meaningful advancement similar to China or Korea are able to manifest itself. The fact that it is economically reliant on western donors will push that reality even further. Therefore the best Ethiopia can be is a middle income country just like most African or Asian countries. The Eritrean case is totally different it had gone through the brutal nation building process just like China and others and was able to withstand decades of western sponsored pressure; sanctions and war on it's own or with it's own organic human capacity. Therefore we can safely assume it can move towards middle income industrial economy pretty fast given the chance. My assumption is based on the feeling I have that the ground work/foundation had already been done for a sustainable development to take place almost instantaneously.
I think before claiming loan the government has to insure the peace in the country according the agreement signed in Pritoria. Stop dismentling. insure free movement and expressions. liberate journalists in prison. Stop surrounding to dominate in isolating ethinics. You have well explained the real challenge is reset peace, equality, liberty and stop ethic confrontations. Think Ethiopia ❤️🇪🇹🙏
This money will be not for important sectors that will help to boost its economy. The administration will spend fir construction of the prim minister Palast and the fake sheer city in which a lot of Amharans were discriminated and demolished their houses near to Addis in oromia region. We opposed as a people if every peny is spend on economic growth and distributed equally in each regions.
If the Abiy's government is willing to compromise its principles and do what the IMF wants him to do in order to acquire the 2 B dollars, he may as well negotiate with the Ethiopian diaspora to secure more than 2 B. It should be noted that the Ethiopian diaspora sent over 4 Billion dollars to the country annually in the form of remittance. Unfortunately, that has not been the case recently as the majority of the Diaspora resented the direction to which the PM is taking the country.
A question for Eugene: Why is China still categorized under 'developing' while (as you also mentioned) it is also referred as the second economy in the world? I feel a paradox.
I think not getting the loan is good for the country in the long run because people will continue to unite and push for a change which is the best solution for Ethiopia.
It's a pattern of behavior that is alarming to just simply dismiss, by calling it a misstep. I feel it's a plan unfolding by every uprising events of defiant groups, like Oromean TPLF Amhara Guragie Somalian Sudanese...
The diaspora should focus all effort to understand what this law is enabling and hence work towards promoting a referendum for the new Constitution that is really of the Ethiopian people. Ensure the government can't do further damage. Targeted Sanctions work and it should chase their money they robed and saved outside Ethiopia.
Economic reform inclusive one is the most sustainable strategy to equilibrate the balance of payment deficit, which is very very wide. Trustworthy political intervention, which avoids volatility, unpredictability is the manadatory area where the gov should bring in to being ... there are different means of getting a significant amount of such money without debt where we have unbelievable accumulation. ..
The US helped in 1987 occupied by the three fronts (EPLF, OLF and TPLF) and ended up the Eritrea to succeed and for TPLF to govern Ethiopia. Helped this TPLF government by providing 1.2 Billion Dollars per year. All these helped the division to grow and mature for independence which the current OLF government is on the implementation phase.
EPLF was never held by US get your facts right. The number one country that had been against Eritrean independence from day one right upto today is successive US administrations not because they favour Ethiopia but they feel they can manipulate Ethiopia easily to get access to the strategic red sea. Read up on history!
The petrodollar hegemony is crumbling and all of this push is just out of desperation! Africa needs to walk away from the petrodollar as a national reserve currency! The future is a gold backed currency that is being adopted by many countries at the moment. The progress is slow but the dollar is on its death bed!
For what! Hermella God bless you for your honousty but Ethiopians need more democracy, country free from racism, corruption, nepotism and state terrorism.
The Ethiopian diaspora need to take their time to find out where the problems are. The previous Ethiopian government who ruled Ethiopia for 30 years made the debts. Where were the Ethiopian diaspora when the then Ethiopian government made all the debts. The present government took over from the previous government all the debts it made. Therefore the Ethiopian diaspora should not penalize the current government for the misappropriation of debts of the previous government.
Govt will use the money and prosper government officials and cadres, coerce people, and continue the cycle of oppression. There is no free flow of commodities in the country, and the govt creates internally displaced people. This loan emboldens this government for short-term and it would be a burden for the people of Ethiopia down the line....T
Correction- Demolution of ILLEGAL invasion of land in a metropolitan city. Every ethnic group in Ethiopia migrate _trade_live in Oromia region as their own.
This government don't deserve a Penny let alone two billion. The US and international Monterey fund must declining the request until both the prime minster and all officials who involves in the two years war that killed over a million people stand trial for their crime against humanity.
The solution is the Ethiopian people understood what is coming then they all should come together to limit the power of the government. Take the power back to the people by continuously peaceful demonstration and civil disobedience demanding for referendum for a new construction. Once the new construction is negotiated then create new independent institutions that protect it's valuable assets the people, the land and intangible Assets. Ensure the defense, intelligence, justice, media, civil service to become independent from government but only works with the government.
Ethiopia needs the money to buy Drones quickly and win the war against the public insurrection in the various ethnic regions including Amhara, Oromo and Tigray
I love you hermela but don't ever take a side with that Evel abye Ahmed he convinced all of us with his stupid idea and other stuff when he convinced you and other people but now we all know who he is he will get the consequences
If Ethiopia cannot service its current debt and it does not get IMF loan (I am not recommending they do) then the only alternatives are a) default (future borrowing will be very expensive even if there is someone will to lend), b) get commercial loans at much higher interest rates (and remain in a debt trap for the forseable future).
This guy is delusional to compare Ethiopia to china is beyond ridiculous The biggest problem Ethiopia has is not debt or loans it is a landlocked empire and it is collapsing bit by bit the demise of the empire as we know is nearing Axum will rise again for it is the true nation.
Dear Hermela, Dear Hermela, your guest failed to address the main ingredient of development. All the developing countries that he mentioned had maintained the integrity and peace of their countries. Though I hate Meles Zenawi for introducing tribal politics, he uplifted so many poor people out of poverty by taking advantage of the peace that lasted for 27 years. The other point you and your guest have failed to address is the 2 billion-dollar Ethiopia request. Number one, it is not a lot of money. For the IMF, it is a tip for any leaders who are going to do dirty jobs. After all, the money you and your guest are talking about is printed money that is not supported by any valuable materials. According to Russian experts, the IMF and the US gave 450 and 60 billion dollars to Ukraine, respectively. Since the time of the IMF's creation, the dollar has been used as a weapon to suppress African economies. It is a big wish that BRICKS one day will break the chain of the IMF. The other point you and your guest missed was to address the attachment with those 2 billion that Ethippia requested. Before Ethiopia gets this request, Abyi must eliminate the Amara militia so the TPLF's army can take over Amara's territories. How could Abyi attack the Amara militia that helped him win against the TPLF? It was surprising not to hear these points from you and your guest. guest failed to address the main ingredient of development. All the developing countries that he mentioned had maintained the integrity and peace of their countries. Though I hate Meles Zenawi for introducing tribal politics, he uplifted so many poor people out of poverty by taking advantage of the peace that lasted for 27 years. The other point you and your guest have failed to address is the 2 billion-dollar Ethiopia request. Number one, it is not a lot of money. For the IMF, it is a tip for any leaders who are going to do dirty jobs. After all, the money you and your guest are talking about is printed money that is not supported by any valuable materials. According to Russian experts, the IMF and the US gave 450 and 60 billion dollars to Ukraine, respectively. Since the time of the IMF's creation, the dollar has been used as a weapon to suppress African economies. It is a big wish that BRICKS one day will break the chain of the IMF. The last point you and your guest missed was to address the attachment with those 2 billion that Ethippia requested. Before Ethiopia gets this request, Abyi must eliminate the Amara militia so the TPLF's army can take over Amara's territories. How could Abyi attack the Amara militia that helped him win against the TPLF? It was surprising not to hear these points from you and your guest.
Ethiopia will never be free from its he west, instead of working hard and making system what’s best for the people and the generations to come you are shooting your feet by getting money from the west
Eugene is the smartest man who understands what is going on, I love this man! Great analysis!!!
IMF does not have a single success story in Africa! Thank you Eugene for educating to those willing to change!
One of the best analyses made on the current Ethiopian Economic issues. Thank you both.
I am glad to watch this very professional conversation. Hermela and Eugene are African Angels
Hermela and Eugene , you are both great. I love you both.
How anyone, including someone as ignorant of African Politics as myself, could believe today that the IMF and the World Bank put the best interests of Citizens first, is beyond me.
Peace and love to all.
ct
Thank you, both Hermela and Eugene!
❤ our greatest hero!! God bless you
Thank you both of you for a great presentation…..
Heremela, keep it up!
Spot on!
Thank you very much interesting.
Thanks all. Professional advice.
I have nothing to add. Those who are in power should listen to you. 👍
Thanks 🙏
A wealth of information
Please pray for Ethiopia
nice info!
💪
Great interview!
Basically you are damned if you do you are damned if you don’t. 😡
Scrambling for the foreign aid$$ never solved the 99.9% poor citizens!
If they really wanted to help they'd be offering trade deals not loans
thanx, beautiful young miss
Eugene for mayor !
this guy is genius how logically classify the issues with out knowing the deep rooted local politics, where us our habesha people doesn't use their cognitive intelligence to analyze how things go round in terms of economy and local politics
Yeah, Aby Ahmed need to borrow money because he wanted to wage a new war with Amhara. I hope that idiot Aby doesn't get the money. Money or not Aby Ahmed will be deposed from power.
Two billion dollars to build sheger capital city for oromia region on Amhara, tigry and other ethnic groups shoulder .....
This person is really great!!! We have to stand together to fight those who want us remain poor and loyal to Euro-western -centric agendas; whatso ever our internal differences in political ideology and miserable life issues. The Ethiopian government should fight corruption and mismanagement pf resources.
It's wonderful explanation wich is the only and only way to come out of poverty is to use indigenous resources to develop the country.
Thanks for Sharing.
That won’t work there are too many people in Ethiopia they are pouring into Addis from the countryside as we speak and don’t have any hope to be successful in such an expensive city.
The big population will be a major problem to overcome poverty.
Thanks Hermela and Eugene for this interesting and informative interview. Always appreciate your analysis and professionalism.Ethiopia is heading to prosperity and great success. We always love to hear your positive and encouraging professional assessment. Keep it up!
Ethiopia is walking down the hill. No prosperity or success expected from government so corrupt and human rights abuser. IMF shouldn't give the loan.
🤣🤣
You mean Killing and displacing millions of innocent citizens ? coast of living not only in the big cities but the entire country sky rocketing to the point nobody can't afford? the brutal killing, arrest, beating journalists and oppositions? Ethinc cleansing specifically on Amhara's in oromeya? Not accountability for the lose of life and properties in that ridiculous war with TPLF ? So Which one you call it prosperity? You think building parks and some shine library alone makes a country prosperous? Open your eys .
I'm hearing the loan part, now tell me the business plan part
Eugene you're probably one of the smartest commentators on the horn of Africa and beyond. Your understanding of geopolitics and American foreign policy is unmatched. One thing I want to point out to you however is that Ethiopia and China or indeed South Korea do not have historical similarities. The Chinese had gone through brutal cultural revolution during Mao's time to revive an existing nation technologically and interms of nation level thinking. Ethiopia is several nations patched together within a soverien country and will need to go through several decades nation building process before any meaningful advancement similar to China or Korea are able to manifest itself. The fact that it is economically reliant on western donors will push that reality even further. Therefore the best Ethiopia can be is a middle income country just like most African or Asian countries. The Eritrean case is totally different it had gone through the brutal nation building process just like China and others and was able to withstand decades of western sponsored pressure; sanctions and war on it's own or with it's own organic human capacity. Therefore we can safely assume it can move towards middle income industrial economy pretty fast given the chance. My assumption is based on the feeling I have that the ground work/foundation had already been done for a sustainable development to take place almost instantaneously.
❤❤❤
I think before claiming loan the government has to insure the peace in the country according the agreement signed in Pritoria. Stop dismentling. insure free movement and expressions. liberate journalists in prison. Stop surrounding to dominate in isolating ethinics.
You have well explained the real challenge is reset peace, equality, liberty and stop ethic confrontations. Think Ethiopia ❤️🇪🇹🙏
This money will be not for important sectors that will help to boost its economy. The administration will spend fir construction of the prim minister Palast and the fake sheer city in which a lot of Amharans were discriminated and demolished their houses near to Addis in oromia region. We opposed as a people if every peny is spend on economic growth and distributed equally in each regions.
If the Abiy's government is willing to compromise its principles and do what the IMF wants him to do in order to acquire the 2 B dollars, he may as well negotiate with the Ethiopian diaspora to secure more than 2 B. It should be noted that the Ethiopian diaspora sent over 4 Billion dollars to the country annually in the form of remittance. Unfortunately, that has not been the case recently as the majority of the Diaspora resented the direction to which the PM is taking the country.
This is a very excellent observation and suggestions on your part ... SALUTE 👈
Seeking another big long chain
It is quite useful and interesting discussion. Thank you!
What's the China situation for Ethiopia?
#DAMBISA #MOYO The internationally Acclaimed and renowned Economist is CRITICAL OF WESTERN loans, donations, etc TO AFRICAN NATIONS ❗
I know, seems weird, but a good video is Economic Hitman that goes in-depth about the IMF.
A question for Eugene:
Why is China still categorized under 'developing' while (as you also mentioned) it is also referred as the second economy in the world?
I feel a paradox.
China is a country with over a billion people both realities can exist
I think not getting the loan is good for the country in the long run because people will continue to unite and push for a change which is the best solution for Ethiopia.
It's a pattern of behavior that is alarming to just simply dismiss, by calling it a misstep. I feel it's a plan unfolding by every uprising events of defiant groups, like Oromean TPLF Amhara Guragie Somalian Sudanese...
The diaspora should focus all effort to understand what this law is enabling and hence work towards promoting a referendum for the new Constitution that is really of the Ethiopian people. Ensure the government can't do further damage. Targeted Sanctions work and it should chase their money they robed and saved outside Ethiopia.
No more 💵
Economic reform inclusive one is the most sustainable strategy to equilibrate the balance of payment deficit, which is very very wide. Trustworthy political intervention, which avoids volatility, unpredictability is the manadatory area where the gov should bring in to being ... there are different means of getting a significant amount of such money without debt where we have unbelievable accumulation. ..
The US helped in 1987 occupied by the three fronts (EPLF, OLF and TPLF) and ended up the Eritrea to succeed and for TPLF to govern Ethiopia. Helped this TPLF government by providing 1.2 Billion Dollars per year. All these helped the division to grow and mature for independence which the current OLF government is on the implementation phase.
EPLF was never held by US get your facts right. The number one country that had been against Eritrean independence from day one right upto today is successive US administrations not because they favour Ethiopia but they feel they can manipulate Ethiopia easily to get access to the strategic red sea. Read up on history!
❤️🇪🇹❤️🫶💯🙏
The petrodollar hegemony is crumbling and all of this push is just out of desperation! Africa needs to walk away from the petrodollar as a national reserve currency! The future is a gold backed currency that is being adopted by many countries at the moment. The progress is slow but the dollar is on its death bed!
Ethiopia is struggling to freedom and again going to a tiger trap of the western IMF/world bank . Growing and not growing typo. Thank you both 🎉
For what! Hermella God bless you for your honousty but Ethiopians need more democracy, country free from racism, corruption, nepotism and state terrorism.
The Ethiopian diaspora need to take their time to find out where the problems are. The previous Ethiopian government who ruled Ethiopia for 30 years made the debts. Where were the Ethiopian diaspora when the then Ethiopian government made all the debts. The present government took over from the previous government all the debts it made. Therefore the Ethiopian diaspora should not penalize the current government for the misappropriation of debts of the previous government.
How's the $$ being spent????..
Govt will use the money and prosper government officials and cadres, coerce people, and continue the cycle of oppression.
There is no free flow of commodities in the country, and the govt creates internally displaced people. This loan emboldens this government for short-term and it would be a burden for the people of Ethiopia down the line....T
Great interviewer, even greater interviewee ❤❤
Ethiopia should seek 2 trillions!
And start generating economical gains rather than get trapped with a little money
No to Birr devaluation. No IMF loan.
🇪🇹🇪🇹🇪🇹🇪🇬🇪🇬🇷🇺🇨🇳🇨🇳👏👏👌👌
Just watch they will give loan and fund 100 million for instability
And PM Abiy Ahmed wants to build 15Billion $ castle 😢😢
Correction- Demolution of ILLEGAL invasion of land in a metropolitan city.
Every ethnic group in Ethiopia migrate _trade_live in Oromia region as their own.
Wouldn't need IMF or China, if u got along and don't fight!!!!
Pakistan is currently going through it's 23rd IMF loan
IMF is what keeps bad leaders in power.😢
This government don't deserve a Penny let alone two billion. The US and international Monterey fund must declining the request until both the prime minster and all officials who involves in the two years war that killed over a million people stand trial for their crime against humanity.
The solution is the Ethiopian people understood what is coming then they all should come together to limit the power of the government. Take the power back to the people by continuously peaceful demonstration and civil disobedience demanding for referendum for a new construction. Once the new construction is negotiated then create new independent institutions that protect it's valuable assets the people, the land and intangible Assets. Ensure the defense, intelligence, justice, media, civil service to become independent from government but only works with the government.
Ethiopia needs the money to buy Drones quickly and win the war against the public insurrection in the various ethnic regions including Amhara, Oromo and Tigray
Ethiopia doesn't need money right now for the money will be abused to murder Ethiopian, quit barking for abiy he is murdering Ethiopian
Why African countries establish their African banks to develop their economies,with out hassle
When Africans stop fighting over white propaganda! Then work!
🤣 Bunch of corrupts
ይህን ያህል ብር ሃገር ሽያጭ ነው የተያያዙት አበዳሪው ያበደረውን እጣጥፎ ሚቀበልበትን ሳይስማማ አያበድርም 😊😊
Bricks is your recommendation I guess
We know the Basics of our problems but we're POWERLESS ; Afar Think-Tank Reedan-Makkaabe Ali-Horre Aburus ELI-UBBAR
I love you hermela but don't ever take a side with that Evel abye Ahmed he convinced all of us with his stupid idea and other stuff when he convinced you and other people but now we all know who he is he will get the consequences
It sounds like you have a better idea ... talking shit and no action ...at least he is trying
Very vague ! Your message? Try again please.
If Ethiopia cannot service its current debt and it does not get IMF loan (I am not recommending they do) then the only alternatives are a) default (future borrowing will be very expensive even if there is someone will to lend), b) get commercial loans at much higher interest rates (and remain in a debt trap for the forseable future).
Abiy Ahmed betrayed Amhara and gave Raya and welkayit to tplf to get dollars from USA😢😮
😂😂 just wait you will see much divided Amhara region
TPLF is back to finish the job
This guy is delusional to compare Ethiopia to china is beyond ridiculous
The biggest problem Ethiopia has is not debt or loans it is a landlocked empire and it is collapsing bit by bit the demise of the empire as we know is nearing
Axum will rise again for it is the true nation.
Dear Hermela, Dear Hermela, your guest failed to address the main ingredient of development. All the developing countries that he mentioned had maintained the integrity and peace of their countries. Though I hate Meles Zenawi for introducing tribal politics, he uplifted so many poor people out of poverty by taking advantage of the peace that lasted for 27 years.
The other point you and your guest have failed to address is the 2 billion-dollar Ethiopia request. Number one, it is not a lot of money. For the IMF, it is a tip for any leaders who are going to do dirty jobs. After all, the money you and your guest are talking about is printed money that is not supported by any valuable materials. According to Russian experts, the IMF and the US gave 450 and 60 billion dollars to Ukraine, respectively. Since the time of the IMF's creation, the dollar has been used as a weapon to suppress African economies. It is a big wish that BRICKS one day will break the chain of the IMF.
The other point you and your guest missed was to address the attachment with those 2 billion that Ethippia requested. Before Ethiopia gets this request, Abyi must eliminate the Amara militia so the TPLF's army can take over Amara's territories. How could Abyi attack the Amara militia that helped him win against the TPLF? It was surprising not to hear these points from you and your guest. guest failed to address the main ingredient of development. All the developing countries that he mentioned had maintained the integrity and peace of their countries. Though I hate Meles Zenawi for introducing tribal politics, he uplifted so many poor people out of poverty by taking advantage of the peace that lasted for 27 years.
The other point you and your guest have failed to address is the 2 billion-dollar Ethiopia request. Number one, it is not a lot of money. For the IMF, it is a tip for any leaders who are going to do dirty jobs. After all, the money you and your guest are talking about is printed money that is not supported by any valuable materials. According to Russian experts, the IMF and the US gave 450 and 60 billion dollars to Ukraine, respectively. Since the time of the IMF's creation, the dollar has been used as a weapon to suppress African economies. It is a big wish that BRICKS one day will break the chain of the IMF.
The last point you and your guest missed was to address the attachment with those 2 billion that Ethippia requested. Before Ethiopia gets this request, Abyi must eliminate the Amara militia so the TPLF's army can take over Amara's territories. How could Abyi attack the Amara militia that helped him win against the TPLF? It was surprising not to hear these points from you and your guest.
Hermela you should be careful talking nonsense about tplf they are back to rule Ethiopia like you know
አሜሪካዊ ለመሆን አትጣሪ ድምፅሽንና መንቀዥቀዥሽን አቅም then stop saying belala lala & talk normal okie dokie
Ethiopia will never be free from its he west, instead of working hard and making system what’s best for the people and the generations to come you are shooting your feet by getting money from the west