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temari
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Joined: 28 Dec 2014, 21:18

Wold Bank and Ethiopia sign yet another US$ 200 million agreement

Post by temari » 07 May 2021, 11:32

The US seem to be very willing to give the needed support for Ethiopia's economic transformation through the World Bank. Just recently, the two sides signed a US$1 billion agreement and now this. It looks to me that the US and western institutions are looking forward for a positive economic outlook for Ethiopia.
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gearhead
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Re: Wold Bank and Ethiopia sign yet another US$ 200 million agreement

Post by gearhead » 07 May 2021, 17:17

Call it the China effect or the death of Bretton Woods dogma, WB has been arm twisted acting out as a policy instrument. That doesn't mean that it is money thrown off the window, nor is it an endorsement of a governing system. Rather, it is tranched money meted out for specific feasible projects, as in this IT enhancement case, which will happen regardless of who is at the helm. If it is an endorsement, it is an endorsement of the technocrats in IT; and not havoc in perpetuity PP!!

BTW, what was the ~1bill for?

temari
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Posts: 2181
Joined: 28 Dec 2014, 21:18

Re: Wold Bank and Ethiopia sign yet another US$ 200 million agreement

Post by temari » 07 May 2021, 17:36

gearhead wrote:
07 May 2021, 17:17
Call it the China effect or the death of Bretton Woods dogma, WB has been arm twisted acting out as a policy instrument. That doesn't mean that it is money thrown off the window, nor is it an endorsement of a governing system. Rather, it is tranched money meted out for specific feasible projects, as in this IT enhancement case, which will happen regardless of who is at the helm. If it is an endorsement, it is an endorsement of the technocrats in IT; and not havoc in perpetuity PP!!

BTW, what was the ~1bill for?
Most of the ~1bln dollar was to increase access to electricity ($500 million). $200 million will go towards small and medium businesses and $207 million will be for the deployment of COVID-19 vaccines.


Fiyameta
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Re: Wold Bank and Ethiopia sign yet another US$ 200 million agreement

Post by Fiyameta » 07 May 2021, 19:29

"If you can't beat them, join them", is apparent with the dramatic shift in US foreign policy towards Ethiopia, and we have PM Abiy to thank for that. What choice do they have, when they saw pictures of TPLF terrorist leaders with bullet holes to their foreheads, or shackled and paraded on live TV before heading to prison for life.

The Game Over decree was issued not for the mindless agame slaves, but for their masters. 8) 8) :lol: :lol:

gearhead
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Joined: 08 Jun 2014, 16:29

Re: Wold Bank and Ethiopia sign yet another US$ 200 million agreement

Post by gearhead » 07 May 2021, 20:28

Yap...it is a loan to matured institutions that WB has had long working relationships with. Good financial indicator of govt performance would have been an equity market. Short of that, equity tied asset transfers such as the fumbled telecom deal which requires serious due diligence suffices. Inflation too is partially driven by risk averse shortages.

The 10 year plan is good on paper. Billions in investment, with debt to gdp at its highest, it cant just be debt financed. Amongst many other things, cant have unwanted foreign eritrean ሌዝቢያንስ quacking at your head! The b!tch doesnt get that she can experiment her 60s childishness in her eritrea. We have one-man child to deal with whose every decision leads from one woe to another, while the plan needs that he minds each and every blink.

Ethiopian institutions can make the 10 year grand plan happen but not with eritrea inventing a philosophy, ezema and its stolen roadmap inducing massive systemic risk and abiy the man-child jumping from pole to pole. It is too massive to have it both ways.
temari wrote:
07 May 2021, 17:36
gearhead wrote:
07 May 2021, 17:17
Call it the China effect or the death of Bretton Woods dogma, WB has been arm twisted acting out as a policy instrument. That doesn't mean that it is money thrown off the window, nor is it an endorsement of a governing system. Rather, it is tranched money meted out for specific feasible projects, as in this IT enhancement case, which will happen regardless of who is at the helm. If it is an endorsement, it is an endorsement of the technocrats in IT; and not havoc in perpetuity PP!!

BTW, what was the ~1bill for?
Most of the ~1bln dollar was to increase access to electricity ($500 million). $200 million will go towards small and medium businesses and $207 million will be for the deployment of COVID-19 vaccines.


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