Ethiopia becomes Africa's latest sovereign defaulter
Ethiopia failed to make a 33 million U.S. dollars coupon payment on its international government bond. The default, which was widely expected, places Ethiopia alongside Zambia and Ghana, in a full-scale "common framework" restructuring plan under the G20.
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Пікірлер: 65
If standing your ground was a person! Congrats Ethiopia 🇪🇹! Y’all understood the assignment!!!
Im glad Somalia is debt free now
@XeB9701
6 ай бұрын
A country without a government can not take on debt. imf doesn't even recognize it as a credited country.
@user-me5jq4dv4i
6 ай бұрын
Somalia 7 billion dollar gdp Ethiopia 156 billion dollar gdp 😂😂😂😂
@nocapnobs7845
6 ай бұрын
@@user-me5jq4dv4i what's so funny? when the saudis killed 100 ethiopians for fun or when you are being sold in libya for 400 dollars or when ethiopian maids are thrown off balconies i never seen a single somali laugh. What's wrong with you raw meat eating anjero lovers?
@nocapnobs7845
6 ай бұрын
@@XeB9701 stop selling your own people into slavery and stop obsessing over somalia mekele
@mahdnova3465
6 ай бұрын
@@user-me5jq4dv4isomalia population less than 20 millon Ethiopian 100+ million = more people more gdp There is more poverty in ethiopia than somalia😅 so laugh on you
We don’t have any money. Give us 50 years break
HeII is coming to Ethiopia
Why would they not pay on purpose??? This makes no sense to me at all. And 33 million, really?? That less than $1 a person in Ethiopia. Wth is going on in Ethiopia
We lead by nensese
They have been digging negative images about ethiopia, at the end of the day we're gifted by nature.. Thank-you our leaders 💜
ethiopia will pay all its debt
Evidence video kzread.info-pPy-0917Ls?feature=share
I am sure Ethiopia will pay it
@TAN-ni6ll
6 ай бұрын
When is the Question 😅😅
@user-yz1bx4ho7g
6 ай бұрын
@@TAN-ni6ll you will see
Ethiopian government made a deliberate decision to prioritize political power consolidation over fighting covid and/or continuation of economic development. Catastrophic miscalculation of the highest order 🤷🏽♂️
@cmartin5903
6 ай бұрын
I don't believe that's true. I have seen so much being done in Ethiopia and that includes growth as an outsider keeping up. We will see...I can understand what they are doing. The west always has expensive debt traps...Africa can only borrow if they pay back at a higher percentage than the other countries of the west. It is not a fare lane but they use it...the debt trap will be more manageable to clear with China because of payback rates.
Ethiopia is poor country the debt they took is huge
@user-me5jq4dv4i
6 ай бұрын
Because they are developing with the money 🤦🏽♂️
@nocapnobs7845
6 ай бұрын
@@user-me5jq4dv4i you mean going to war and threatening more war.
@jer622
6 ай бұрын
Better than your country
@Jeanboise1
6 ай бұрын
Do you know debt of the USA?
@ATSdream
6 ай бұрын
But better then ur country so be it . There is no poor country in Gambia for ur information ok.
why not let the street reporter translate for the finance minister. I couldn't understand anything
@hanaeshete9388
6 ай бұрын
No one asks you to understand 😅 God bless 🙌 🙏 ethiopia 🇪🇹
@empire0787
6 ай бұрын
We don't understand too😂😂
@DrillWill
6 ай бұрын
@@hanaeshete9388 wedi sharmuta 🤣
@blazinghot99
6 ай бұрын
Me either. Or they could have added subtitles for translation. 😂😂😂😂😂
$33 million euros is nothing for Ethiopia who has a GDP of $315 billion and that's American not birr. I trust nothing Abiy says but him saying they didn't pay on purpose seems consistent.
@Adolf-Abyie
6 ай бұрын
Evidence video kzread.info-pPy-0917Ls?feature=share
@machinefannatic99
6 ай бұрын
its 111$ not 315$
@XeB9701
6 ай бұрын
@@Adolf-AbyieVideos are never evidence child. Unless they are tangible and relevant to the discussion.
@XeB9701
6 ай бұрын
@@machinefannatic99 Regardless compare the amount due to the amount controlled. Does it not make sense to you what I'm saying?
@machinefannatic99
6 ай бұрын
well but what is ethiopias debt to gdp ratio@@XeB9701
Good job Ethiopia. Support your hard-working prime minister.