Ethiopia's Debt Default is Imminent | Business Edge

Ethiopian officials are scrambling to avert a financial meltdown by making a last-ditch effort to secure early debt relief from international bondholders. Facing a potential sovereign default today, the country's finance ministry is proposing a non-negotiable debt restructuring plan to alleviate its crippling debt burden.
The country's finance ministry said it had asked its international bondholders to offer early debt relief that does not have to be renegotiated over the comparability of treatment concerns. However, in more woes for the Horn of Africa country, Fitch Ratings downgraded the country's credit rating further into junk territory.
Anchor: Tolulope Adeleru-Balogun
Guest: Aly Khan Satchu, African Geo-economist and Macro-Analyst
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[@mesfindaksa]

There is also more bloodier war going on with the other region (Amhara) for the past eight months just after the end of the previous two year war. For this war also, the government is pumping money to buy a lot of sofsticated artilleries and 100 million dollar drones.

[@chicofresh4396]

Stop lying. Amhara rebels war is not like the TPLF war. Oromo & Somali will rule Ethiopia. Nomore habesha rule. Kush Empire

[@user-nu4sk3gk3b]

Abiy Ahmed , shimelis abdissa Adanech Abebe and prosperity party leaders must be responsible and accountable for the collapse of Ethiopia economy , they looted , stole and mismanaged, misused the taxpayers money, they must pay back the country, from their businesses income

[@greaterethiopia398]

This is what happens when you put war before the economy.

[@GtnEntertainmenttv]

Facts! Brother are you on IG by the way?

[@user-nd6ql4os6i]

Ethiopia has fallen in the hands of criminal gangs who are looting its wealth to unimaginable measures! As an ethiopian, I call upon the international community to save my country from a total disaster! #SOS_ETHIOPIA

[@TheTellingU]

You must be an enemy of Ethiopia. The entire world is praising Ethiopia's economic progress amidst several wars in the country. The only problem in Ethiopia is lazy groups such as Fano, who don't like to work or don't like others work. This is known by all .....

[@GtnEntertainmenttv]

The terrible evils done in Tigray war has put the country in huge problems. Everyone said it was propaganda. They laughed and clapped at suffering Tigrian people. GOD DOES NOT SLEEP

[@GtnEntertainmenttv]

@@thisisrobel what goes around will always come around. BOTTOM LINE

[@GtnEntertainmenttv]

@@thisisrobelnotice every single group that was involved is now at war with each other? Wakey wakey lil man

[@etttravel1316]

Sad

[@040entertainment5]

Gallas cant rule over Ethiopia. They are way too primitive

[@kirbyman1kanden7pf]

repossess their Renaissance Dam

[@TheTellingU]

Like it or not, Ethiopia is progressing faster than it's enemies can think. It's economy will soon start surpassing many European countries - just wait few years. The only problem in Ethiopia is the culture of laziness. Groups such as Fano, don't like to work. They think everything can be achieved by forces and as a result they are destroying their villages which could slow the overall economic growth of the country. In the grand scheme of things, Ethiopia is doing way better than 99% of African countries. Almost every week, a new factory, a new road, a new hospital, a high-rise building, a lodge, a park or industrial park is being inaugurated across the country. And this is the truth.