Alula NereaAlula NereaJanuary 1, 2020


Foreign aid has become a key cornerstone of governments’ budget in developing countries like Ethiopia. Despite the widely believed narration of Western governments aiding the developing world, there are concrete arguments showing that it is, in fact, the developing world that is supporting the development of the Western world. According to a 2014 report, Africa receives about USD133.7 billion each year from official aid, grants, loans to the private sector, and remittances, among others.

Tsegaye Tegenu (PhD)Tsegaye Tegenu (PhD)December 12, 2019

The Need For A Paradigm Shift

The policy and institutional framework for regional development plays an important role in the solving of massive unemployment, provision of greater and diversified volume of production, better infrastructure (soft and hard), improved community services, rising average wealth, and improved quality of life. A region is a constituted social order with people engaged in distinct political, cultural and economic practices. These practices are embedded and developed historically and sustained and reinforced within networks, processes and infrastructures.

Getachew MelakuGetachew MelakuOctober 28, 2019


In the good old days, Civil Society Organizations (CSOs) in Ethiopia played a significant role, at least when natural and man-made disasters affected lives. They were regarded as development partners of the government following the ousting of the military government. One should also note that this honeymoon was almost following the publication of the internationally controversial book of the celebrated journalist and historical analyst Graham Hancock, ‘Lords of Poverty’ in 1989.

Alemayehu Geda (Prof.)Alemayehu Geda (Prof.)October 28, 2019


In my commentary published on EBR last month I showed that the experiences of many countries indicate privatization does not automatically improve performance; the 1998 scandal involving the Uganda Commercial Bank is a case in point. Moreover, the World Bank’s experience of financial reform in the former Soviet Union drew the conclusion that early privatization does little to improve the quality of the banking system and may be counterproductive when institutions are weak and prudential regulation is underdeveloped. Therefore, it is by no means self- evident that Ethiopia should follow Mozambique’s example of privatizing state banks early in the transition stage.

Gustavo AdlerGustavo AdlerOctober 28, 2019


Escalating trade tensions are taking a toll on the global economy and are partly responsible for the recent downward revisions to our growth forecasts for 2019/20.
Facing sluggish growth and below-target inflation, many advanced and emerging market economies have appropriately eased monetary policy, yet this has prompted concerns over so-called beggar-thy-neighbor policies and fears of a currency war.

Nouriel Roubini (PhD)Nouriel Roubini (PhD)October 28, 2019


Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. Trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option argues Nouriel Roubini (PhD), in a commentary sent to EBR from Project Syndicate.

Abdulmenan MohammedAbdulmenan MohammedSeptember 28, 2019


Ever since Ethiopia liberalized the financial sector in the 1990s, the country witnessed different waves of banking formation. The first wave was 1994 to 2000. Six private banks were formed during this time. Following the enactment of the Monetary and Banking Proclamation of 1994 that allowed domestic private investments in the banking sector.

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