IMF economic reports have become another way for Ethiopia to attack Eritrea


Abebe Aemro Selassie, is Director of the African Department at the International Monetary Fund. Abebe, who was a former Ethiopian government employee, is accused of significantly inflating Ethiopia's GDP figures and downplaying Eritrea's GDP figures.


By J. Bonsa |

Opride


IMF’s flagship as a weapon of enemy destruction


IMF economic reports seem to have become another battlefield for Ethio-Eritrean war. While generating unrealistically high economic growth figures for Ethiopia, the organization was doing the exact opposite in Eritrea. Eritreans have long alleged that it was Zenawi’s man who was cooking data and bending facts at IMF, benefiting the regime in Addis Ababa and hurting Asmara, Ethiopia’s archenemy. Eritrean authorities have formally complained to IMF about the unethical standards — something the IMF had apparently admitted and then claimed to have adjusted some figures. But, as shown below, no such adjustments seem to have taken place, at least in the 2017 World Economic Outlook.

There are credible evidences to suggest that Eritrea’s economic growth performance was never as bad as it has been presented in IMF publications. For instance, the Economist Intelligence Unit (EIU), Abebe Selassie’s own former employer, estimated Eritrea’s economic growth rate at 7 percent and 8 percent in 2013 and 2014 respectively.

However, according to Eritrea’s GDP series reported in IMF’s 2017 World Economic Outlook, Eritrea’s real GDP growth was negative (-0.24 percent) in 2013 and 1.6 percent in 2014. Similarly, the African Development Bank reported that Eritrea’s Real GDP growth was 4.8 percent in 2015 and 3.8 percent in 2016, whereas IMF projected Eritrea’s GDP at 1.43 percent and 0.36 percent respectively.

Read the full article here:

https://www.opride.com/2017/12/28/chris ... iopia-now/

The "boogeyman" for the lack of performance of your "command economy" is no other but, Abebe the "Amara" of Ethiopia in the IMF? It's amazing!

I thought Ethiopia paid you 1/2 a billion through Dubai yearly in kind?

Do you want to borrow more money now? Show your income; show what Dubai pays? Can you?

How can Abebe help you when you have Debt in Eritrea, 119.8% of GDP in 2016? Ethiopia's is 50%, 2016.

Eritrea has a command economy under the control of the sole political party, the People's Front for Democracy and Justice.....Since the conclusion of the Ethiopia-Eritrea war in 2000, the government has expanded use of military and party-owned businesses to complete President ISAIAS's development agenda. The government has strictly controlled the use of foreign currency by limiting access and availability; new regulations in 2013 aimed at relaxing currency controls have had little economic effect. Few large private enterprises exist in Eritrea and most operate in conjunction with government partners, including a number of large international mining ventures, which began production in 2013.

Copper, potash, and gold production are likely to drive economic growth and government revenue over the next few years, but military spending will continue to compete with development and investment plans. Eritrea's economic future will depend on market reform, international sanctions, global food prices, and success at addressing social problems such as refugee emigration.

IMF economic reports have become another way for Ethiopia to attack Eritrea


Abebe Aemro Selassie, is Director of the African Department at the International Monetary Fund. Abebe, who was a former Ethiopian government employee, is accused of significantly inflating Ethiopia's GDP figures and downplaying Eritrea's GDP figures.


By J. Bonsa |

Opride


IMF’s flagship as a weapon of enemy destruction


IMF economic reports seem to have become another battlefield for Ethio-Eritrean war. While generating unrealistically high economic growth figures for Ethiopia, the organization was doing the exact opposite in Eritrea. Eritreans have long alleged that it was Zenawi’s man who was cooking data and bending facts at IMF, benefiting the regime in Addis Ababa and hurting Asmara, Ethiopia’s archenemy. Eritrean authorities have formally complained to IMF about the unethical standards — something the IMF had apparently admitted and then claimed to have adjusted some figures. But, as shown below, no such adjustments seem to have taken place, at least in the 2017 World Economic Outlook.

There are credible evidences to suggest that Eritrea’s economic growth performance was never as bad as it has been presented in IMF publications. For instance, the Economist Intelligence Unit (EIU), Abebe Selassie’s own former employer, estimated Eritrea’s economic growth rate at 7 percent and 8 percent in 2013 and 2014 respectively.

However, according to Eritrea’s GDP series reported in IMF’s 2017 World Economic Outlook, Eritrea’s real GDP growth was negative (-0.24 percent) in 2013 and 1.6 percent in 2014. Similarly, the African Development Bank reported that Eritrea’s Real GDP growth was 4.8 percent in 2015 and 3.8 percent in 2016, whereas IMF projected Eritrea’s GDP at 1.43 percent and 0.36 percent respectively.

Read the full article here:

https://www.opride.com/2017/12/28/chris ... iopia-now/

Lezay dimwit

This is above your chigarweyane pay grade. stick to cooking numbers just like your criminal Chihuahua chenawi as the por.n addict debretsion revealed recently.

The sad part is that 20 million Ethiopians have to starve and die when the aid dollars in whose name was given is spent on bribing corrupt IMF officials to cook up some numbers to feed the ego of some inferiority complexed Agame. Where in the world have you seen a country on the verge of starvation yet has an "economic growth", leave alone an economy to speak of? That's like saying the beggar standing on the street corner just got a pay raise when he doesn't even have a job. The oft-repeated lie of "11% growth" is nothing but a numerical replica of the #11 mark-of-the-beast slashed with a rusty knife on the side of every Agame's face.

Where in the world have you seen a country on the verge of starvation yet has an "economic growth", leave alone an economy to speak of? That's like saying the beggar standing on the street corner just got a pay raise when he doesn't even have a job.

Tigray Weyane milking Mama Ethiopia

Kkkk

Why blame Abe for Issaia's inability to recruit and groom? Abe was doing fine by himself in DC before he was snatched to Addis.

Now that Issayas has been out Issayased by woyane, he still can make his own mini-meles moves of a born again poletician.

During the 70's and 80's in the Philippines, when the country's former dictator Ferdinand Marcos and his cronies were borrowing billions of dollars from the World Bank to enrich themselves, the IMF was deliberately reporting "high economic growth" for the Philippines as the country was slowly falling into debt bondage. In contrast, neighboring Singapore led by selfless leaders who rejected foreign aid and IMF loans in favor of practicing self-reliance, made it to IMF's name-and-shame list of countries that received negative economic growth report, despite evidence to the contrary.

After the Filipino dictator was ousted in 1986, the new government found it almost impossible to repay the huge amount of debt incurred by the previous regime. The IMF then prescribed an economic policy that forced the government to export as many as 10 million young Filipina women to work as maids, mostly in Arab countries, and turned the Philippines into a remittance economy whose national debt is paid back by the sweat and blood of its young women slaving for wealthy Arabs. Sound familiar?

QUESTION: When Dawi the Tigrawi, gearhead and Awash borrow billions of dollars from the World Bank, who do you think is paying back the debt? Watch this video to see who..... ***** (Warning: the video will make you dizzy)****

phpBB [video]

https://www.youtube.com/watch?v=TzMhKd8qUaY

Karuturi threw in the towel and declared, “We stand tired and defeated and wish to exit Ethiopia.”

Exit out of Ethiopia shirtless, pant-less and underwear-less.

Karuturi believed he had made the “deal of the century” when the TPLF handed him a “1,000 sq. km” slice of Ethiopia to “develop”. What Karuturi did not realize was “all that glitters is not gold.”

Lice man - Guess who is laughing now?

[Image: https://s21.postimg.org/meugdor5j/tplf.jpg]