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Zmeselo
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IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Zmeselo » 29 Dec 2017, 05:36

XXX
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/

Dawi
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Dawi » 29 Dec 2017, 15:15

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.
Zmeselo wrote: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/

Weyane.is.dead
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Weyane.is.dead » 29 Dec 2017, 16:21

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.

Abdisa
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Abdisa » 29 Dec 2017, 20:37


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.
:P

quindibu
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by quindibu » 29 Dec 2017, 22:52

Abdisa wrote: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.


:lol: :idea: :idea:


gearhead
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by gearhead » 29 Dec 2017, 23:52

Kkkk

Why blame Abe for Issaia's inability to recruit and groom? :lol: 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. :lol:


Abdisa
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Abdisa » 30 Dec 2017, 01:25



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

Dawi
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Dawi » 30 Dec 2017, 04:22

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?

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The @game Lice Destroyer wrote:[Image: https://s21.postimg.org/meugdor5j/tplf.jpg]

Abdisa
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Abdisa » 30 Dec 2017, 04:41


Dawi the Tigrawi,

Tell us if the money you Weyane claim to have swindled from Karuturi was worth the destruction of an entire lush green forest-- in an area the size of Belgium, and the forced expulsion of half a million indigenous people from their ancestral land at gun point, many of whom got shot and killed for their refusal to leave? Was the money worth the Karma making its way back to your native Tigray, is what we would like to know?


Image

Dawi
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Dawi » 30 Dec 2017, 05:42

Abdisa,

There was no swindling here; he failed to perform according to the agreements and the land was taken back period. That is not the only place where Karauturi lost business; his Indian operations are also in trouble. He took a calculated risk and failed. If it was easy you and I would have done it. That is why you're sitting here and complaining because you prefer soft life in a developed world. Karauturi got his MBA here in the US and was looking for an adventure in Africa. He got it, had a nice time and now he is back.

Development need to take place to improve the standard of living of poor people. Commercial Farming in less populated area is appropriate. That is what EPRDF set out to do; attract FDI from where ever they can get it; any sane government would try to do that. It isn't easy for governments to do that because the issue is controversial; mind you, it ain't for the faint hearted neo-liberals; you need to be a "developmental state" with a back bone.

If people have grievances of how the "'villagization" was conducted over there, it needs to be investigated and resolved by the authorities. If not it will become another Addis Ababa situation.

Change is not easy and it is hard work; just like the expansion of Addis Ababa, if the people have problems they will force the government to scrap the development plan all together. In 2014 Ethiopia has announced it will scrap plans to expand the capital into surrounding farms after widespread opposition from the public. People in Gambela can follow the same suit; it is there land.

Don't sit here and talk like the Oakland Institure Voyeurs; who talk about "ancestoral land" crap. In Ethiopia the land belongs to the people; that means even if Karauturi developed it, after the lease ends the people of Gambela decide what to do with the land. In other words, they can take it back and do what ever they want. It is not like in US where you're gentrified and thrown out of your land and neighborhood for life!

IMO, all land grabbing issues can be resolved without blood shed.

If you have taken land using your "ethnic" or "party" connection and now has became an over night millionaire per Lemma Megeresa, it is only until someone takes you to court and exposes the corruption to the future administration. In Oromia today, those who grabbed land by corruption and financed it through connection, can be asked to return back the land. I have heard they have already started doing that. 8)

That is how you clean the hard working Tigreans & others who earned their living from those that took advantage of their "ethnic" affiliation. Take the land and businesses away from the once that used their "ethnic affiliation" after the due process in court; It is that simple. The new Woyane leadership have indicated of going in that direction of cleaning house.

That kind of operation by EPRDF shall clean house and inspire Ethiopians to do genuine development.

Cheers!
Abdisa wrote:
Dawi the Tigrawi,

Tell us if the money you Weyane claim to have swindled from Karuturi was worth the destruction of an entire lush green forest-- in an area the size of Belgium, and the forced expulsion of half a million indigenous people from their ancestral land at gun point, many of whom got shot and killed for their refusal to leave? Was the money worth the Karma making its way back to your native Tigray, is what we would like to know?


[Image: http://hhsproject.org/wp-content/upload ... abing.jpeg]

Zmeselo
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Zmeselo » 30 Dec 2017, 05:51

Gearhead, that laughter is actually on you. Have you even read the article? Lying & cooking the books, can only get you so far. You'll get caught one day. It's a mathematical certainty.

"The harder they come, the harder they fall", as Jimmy Cliff, said.

Abdisa
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Abdisa » 30 Dec 2017, 12:46

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  • "Literacy rates should be taken seriously by portfolio investors – particularly in frontier markets," said Charles Robertson, global chief economist at Renaissance Capital. "You need 40% literacy to grow sustainably and 70-80% to industrialise." Industrialisation is far away for Ethiopia, Ivory Coast and Mozambique.
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https://www.bloomberg.com/news/videos/2 ... tion-video

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The troll factory in Mekelle is hardly an industry

Dawi
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Dawi » 30 Dec 2017, 16:44

Abdisa,

This data you posted is a good reference to expose EPRDF's performance:

The following is taken from an article written a couple of days ago. Notwithstanding quality of education, the basic literacy achievement in Ethiopia is astounding by any standard. In fact, if anything brings the demise of EPRDF, it's going to be this remarkable achievement.

[[..Government statistics are not wholly reliable—the ruling party does a good job of steering clear of most international surveys, making regional comparison difficult—but many of the headline figures are impressive regardless. Few governments in Africa—or elsewhere, for that matter—spend as much of their revenues on education as that of Ethiopia. In a continent which today directs a higher proportion of government expenditure towards the sector than any other—18.4%—Ethiopia has consistently been in the top rank for the past decade. Between 2000 and 2013 it almost doubled the share of its budget allocated to education, from 15% to 27%. For example, the United States’ federal government spends just over 6%.

Measured in terms of access to primary education (which is now free), the results are striking. Ethiopia now has one of the highest enrollment rates in Africa, up from the nadir in the early 1990s when it had one of the world’s lowest. The number of primary schools almost tripled from 1996 to 2015, while student enrollment grew from less than 3 million to over 18 million within the same period—almost universal. Youth literacy meanwhile jumped from 34% in 2000 to 52% in 2011...]]https://ecadforum.com/2017/12/28/ethiop ... in-crisis/

The starting base of Eritrea is similar; how come it's even beating our "foe" Egypt now? :P

The "root" was the same but the improvement of Eritrea has to do with HIM rewarding Eritrea after the war which ended up backfiring to create his demise and consequently, the down fall of Greater Ethiopia as the world knew it.

The imperial regime of Ethiopia favored Eritrea in terms of construction of schools, hospitals, roads, etc. at the expense of other provinces. Before that, Eritreans were denied to pursue education beyond the three years of rudimentary elementary school in which they were taught about the greatness of Italy and the Roman race and the inferiority of Eritreans by the Italians.

I guess HIM wanted a short cut to development using the Eritrean colonial experience base. He was mistaken on that calculation indeed. He constructed many schools, including many high schools and other institutions of learning so much so making them among the best represented in institutions of higher education next to the capital city Addis Ababa.

Not to mention Eritreans controlled the scaling heights of the Ethiopian economy in the beginning by using their little 3rd grade (Italian worshiping) literacy compared to the rest of the population all the way to 1998. What is amazing is all these did not make Eritreans lessen their visceral hatred for Ethiopia and whatever Ethiopia stood for. Eritrean nationalists worked tirelessly to break up Ethiopia and finally succeeded.
Abdisa wrote:[Image: http://thedailyjournalist.com/wp-conten ... yment..png]
  • "Literacy rates should be taken seriously by portfolio investors – particularly in frontier markets," said Charles Robertson, global chief economist at Renaissance Capital. "You need 40% literacy to grow sustainably and 70-80% to industrialise." Industrialisation is far away for Ethiopia, Ivory Coast and Mozambique.
[Image: https://assets.bwbx.io/images/users/iqj ... /-1x-1.jpg]

https://www.bloomberg.com/news/videos/2 ... tion-video

[Image: https://pbs.twimg.com/media/DHlJF_WXgAEY-A5.jpg]
The troll factory in Mekelle is hardly an industry

Abdisa
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Abdisa » 30 Dec 2017, 18:22


Dawi the Tigrawi,

If both Ethiopia and Eritrea shared the same literacy rate of 29% in 1990, and today the literacy rate for Ethiopia is still lagging behind at 39% (one of the lowest in the world), whereas independent Eritrea has scored one of Africa's top literacy rates of over 90%, .... wouldn't you say that independence was one of the best things that ever happened to Eritreans?

I mean, look at your Tigray that produces nothing but low IQ trolls like Awash who can't string a sentence together, yet claim to be on a par with the intellectually superior Eritreans. Doesn't that give you a reason to pause and reflect inward to find out where you had failed in that regard? You can't build a nation based on lies and cooked up figures. Does your religion in Tigray prevent you from being honest to yourselves?


Dawi
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Dawi » 31 Dec 2017, 01:35

Abdi,

If Ethiopia had the 29% base in 1990 for the whole country. Eritrea had something closer to Addis Ababa rate thanks to his Majesty? The Addis rate has to be lower.

The "39% of today" for Ethiopia was taken in 2007; it has to be a lot lower as we speak.

By the way Literacy as a whole for Eritrea today is about 74% and Ethiopia is 50%.

Eritrea is still riding high on HIM jump start. :oops: As HIM made Eritrea in par with Addis, today's Addis's literacy rate has to be a bit higher than Eritrea as whole.

Say anything about EPRDF but, you can't touch EPRDF in the business of spreading education in Ethiopia; they are second to none in Africa. Quality is a different story!

HIM's effort may not be in vain when one sees folks like Prof. Bereket Habte Selassie the one who wrote Eritrean constitution reversing his anti-Ethiopian positon.
phpBB [video]
Abdisa wrote:
Dawi the Tigrawi,

If both Ethiopia and Eritrea shared the same literacy rate of 29% in 1990, and today the literacy rate for Ethiopia is still lagging behind at 39% (one of the lowest in the world), whereas independent Eritrea has scored one of Africa's top literacy rates of over 90%, .... wouldn't you say that independence was one of the best things that ever happened to Eritreans?

I mean, look at your Tigray that produces nothing but low IQ trolls like Awash who can't string a sentence together, yet claim to be on a par with the intellectually superior Eritreans. Doesn't that give you a reason to pause and reflect inward to find out where you had failed in that regard? You can't build a nation based on lies and cooked up figures. Does your religion in Tigray prevent you from being honest to yourselves?

Abdisa
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Abdisa » 31 Dec 2017, 03:21

Dawi wrote:
Eritrea is still riding high on HIM jump start. :oops: As HIM made Eritrea in par with Addis,

Dawi the Tigrawi,

I'm amused by your new-found love for Haile Selassie, albeit for cheap political expediency. :P
Perhaps the reason why Haile Selassie left you Tigrayans alone was because you people are known to worship kings like him as "god." Let me show you what your "god" did to the Eritrean people for their refusal to worship him as such, for they strongly believe that doing so is the ultimate sin against the Almighty God in Heaven whom they devoutly worship.


Haile Selassie was hanging Eritreans for their refusal to worship him as "god."

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On 11 July of 1967 the Eritrean villages of Eilet and Gumhot were burned, and 30 young men tied up and burned alive inside a house. Five other villages were burned over the following days, 51 people killed. 6,000 domestic animals were killed. According to reports Haile Selassie's soldiers singled out camels for slaughter, because they were vital for transport. Wolde Giorgis (1987:82) also cited those soldiers slaughtering cattle, eating what they wanted, and then leaving the rest to rot. He adds that sometimes soldiers would kill cattle just to get the livers.

In November 1967, almost all the villages of Senhit 174 in all were destroyed by Haile Selassie soldiers from the Second Ethiopia Army Division. The army ordered the people to gather in one place, where they were bombed by air force planes.

Asmat: Haile Selassie's army opened fire on a wedding party, killing a number of people.

In 1967, over 40 men were slit on the neck in front of their children and wives at Misyam

The August 1967 wanton killings and burning of the villages of Ailet, Asus, Weqiro, Figret, ShebaH, Gedged, Gemhot, Metkel-Abet and many others.

In the summer-autumn of 1967, Haile Selassie's army carried out killings and burning in the highlands of Eritrea, wiping out entire villages in the Hazemo-Hazo valleys and plains, at Fishey-Merara, Deg’A, Arebet, Diyat, Timza’e, Mai Chada, Endazmach-Ogbit and other localities. These were followed by grisly massacres like the one at Misyam where the over 40 year old men were slit on the neck in front of their children and wives.

In 1969, marshal law was proclaimed, as armed resistance became stronger. Haile Selassie used to say that ‘We need the land but not the people'. And his soldiers also used to chant "እምቢ ያለ ሰው ጥይት ኣጕርሰው!" as they went on a killing spree. Haile Selassie first attacked the lowland Eritreans, and gradually the whole Eritrea was on fire. In the lowlands, villages were burned to ashes and its inhabitants slaughtered, and some children were found sucking the breast of their dead mothers.

Dawi
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Re: IMF Economic Reports, Another Way For Ethiopia To Attack Eritrea.

Post by Dawi » 31 Dec 2017, 04:30

Abdisa wrote:Dawi the Tigrawi, I'm amused by your new-found love for Haile Selassie, albeit for cheap political expediency. Perhaps the reason why Haile Selassie left you Tigrayans alone was because you people are known to worship kings like him as "god." Let me show you what your "god" did to the Eritrean people for their refusal to worship him as such, for they strongly believe that doing so is the ultimate sin against the Almighty God in Heaven whom they devoutly worship. Haile Selassie was hanging Eritreans for their refusal to worship him as "god."
Abdi,

If you want to go there, let us go and see your HIM who over looked and covered up to win you over. He neglected the true patriots of Tigrai and others and we are paying for that today.

That is the untold story Ethiopians paid; violent decimation of 720,000 Ethiopian citizens by Italian fascists and the more than 100,000 Eritrean askaris who were instruments of Italian fascist army that bayoneted pregnant women and hanged Ethiopian patriots while Italian pilots rained mustard gas on the defenseless people of Ethiopia.

There is no excuse for what HIM government did in Eritrea even though he felt betrayed; as a dictator, he didn't consult the Ethiopian people when he covered up the crimes of Eritreans during fascist Italian invasion nor during his own crimes against Eritreans while ruling over them.

Looking how conflicted & pained Prof. Bereket is today, a man who HIM raised as his own, that served under HIM Admn. and Isaias's administration later on, shows the delima of Eritreans towards Ethiopia. You can't live with Ethiopia and can't live without Ethiopia & vise versa for that matter.

Today Eritreans who still see Ethiopia as their archenemy continue to use their venomous pen spewing hate and spreading divisive Italian colonial ideas on us. None of us wanted to ask why their hatred is so pervasively omnipresent. It never occurred us to ask ourselves what is it that makes Eritreans abhor and hate Ethiopian identity so much. Why would not they see us just as neighbors even long after they chose to secede from Ethiopia? Why are they fixated on Ethiopia? When will Eritreans stop their ill designs on Ethiopia? When will their negative obsession with Ethiopia stop? Since the creation of Eritrea in 1890, it not only served as the instrument of the evil machination of Italian colonialists but also successfully served as instrument of Ethiopia’s deconstruction by serving as proxy or pawns in the anti-Ethiopian war Arab nationalists such as Egypt.

Today Eritrea is opposed to one of our tickets out of poverty, the GERD, siding with Egyptian chauvinists!

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