The UN Must Intervene in Tigray
Project Syndicate | Mehari Taddele Maru | When a state fails to prevent or alleviate atrocities within its territory, or if the state itself is the primary perpetrator of such acts, the UN must not stand idly by. There are five reasons why immediate…
Why is the Grand Ethiopian Renaissance Dam contentious?
The Economist | The project has been a source of disputes in north-east Africa for a decade
DAMS HAVE several uses. They generate electricity, store water for crop irrigation and help to prevent floods. They can also cause dispute and heartache—for…
Ethiopia in debt restructuring, downgrade after printing money, despite low deficit
ECONOMYNEXT – Ethiopia had been downgraded to ‘CCC’ from ‘B’ by Fitch Ratings after it applied for ‘Paris Club’ debt relief having printing money through central bank advances, despite relatively low government debt and a budget…
Conflict in Tigray: Implications for Ethiopia’s International Standing
Charged Affairs | Since Ethiopian Prime Minister Abiy Ahmed assumed office in April 2018, experts have optimistically predicted the country’s emergence as a regional power. Factors such as a large population, rapid economic growth, and a…
Ethiopia dollar bonds drop after Fitch downgrade
NASDAQ | Ethiopia's sovereign dollar bonds dropped nearly 2 cents after Fitch downgraded the country to CCC, citing the government's plan to make use of the new G20 common framework to overhaul its debt burden.
The country's outstanding 2024…
Ethiopia: Government approves ‘first step’ towards Tigray emergency assistance
UN agencies have received approval from the Ethiopian Government for 25 international staff to provide humanitarian assistance inside the country’s conflict-torn Tigray region, the UN Spokesperson said on Monday.
“This clearance is a first…
Ethiopia debt restructuring plan faces hurdles of transparency
The African Report | Ethiopia’s plan to seek debt restructuring under a G20 common framework agreed in November triggered a sell-off in African debt at the end of January on fears of a contagion effect.
The framework enables debtor countries…
EU Accuses Eritrean Forces of Fueling Conflict in Ethiopia
Bloomberg | EU envoy scheduled to meet Ethiopian premier on Tuesday. UN says international staff given approval to travel to Tigray
The European Union accused Eritrean troops of fueling the months-long conflict in Ethiopia’s Tigray region…
EU urges Eritrea to stop meddling in Ethiopia war
EU Observer | The EU has urged Eritrea to withdraw troops from Ethiopia and for access to diplomats, aid workers, and journalists to war-torn regions. "The EU joins the United States' call for the withdrawal of Eritrean troops from Ethiopia,…
Fitch Downgrades Ethiopia to ‘CCC’ – Rating Action Commentary
Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of 'CCC' or below.
KEY RATING DRIVERS
The downgrade reflects the government's announcement that it is looking to make use of the G20 "Common Framework for…