How Isaias Afwerki and The PFDJ Helped Bankrupt Ethiopia’s Economy

On July 28, Abiy Ahmed announced Ethiopia’s economic reform plans, which followed the Ethiopian National Bank’s new monetary policy released on July 9.

The country released a series of reforms that were closely monitored and guided by the IMF, and today, the IMF and Ethiopia have agreed to a USD 3.4 billion bailout. 

Among the changes was the implementation of quantitative easing (QE) and quantitative tightening (QT) to control the country’s inflation and monetary policy.

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