Ethiopian government mulls currency devaluation to secure IMF funding

The Ethiopian government is seeking 3.5 billion U.S. dollars from the International Monetary Fund a week after an IMF delegation left the country without reaching a deal with authorities.
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[@sisayyegzaw7352]

This guy is biased and shouldn't be a journalist, certainly not at a global level. He should work for EBC 😂

[@ethiojobsvacancy4730]

If he becomes mouthpiece for fano extremist you support ,then he will become best journalist😅.It doesnt work like that

[@tadessefenta9626]

This man is instigating ethnic clashing , he gave money....already... journalist?

[@sofiaabera4362]

@@ethiojobsvacancy4730 agree 💯

[@dino.a2564]

Go to your people and fight a gorilla war.

[@davania12]

yes he a cadre for govermnet

[@abdelaalte8161]

He just mentioned GERD😢??? Ethiopia 🇪🇹 has been building the dam since 2011 and we never had been in this kind of mess.

[@atokma5]

The main reason is the conflict in the country, the government spent a lot $ to kill lots of innocents and here we are now, this guy is just covering the truth.

[@Anille-qf6vd]

2011😅? in which calender

[@he5896]

Girum Chalaa is Prosperty party member.👎

[@almaz-rudy8793]

So?

[@rahelzeleke958]

So what?😂

[@AdanT-bh9by]

Dolarizattion and closure of the central bank is the solution. As long as the government prints and pumps the local currency the issue will continue.

[@sishugirma1770]

There won’t be a cent released otherwise that is the sad reality

[@user-wz8xy3xi4v]

For the sake of GOD, Girum why don't you mention P'M palace costs 10bn usd???

[@ethiojobsvacancy4730]

Prime minister told parliement already it has nothing to do with countries budget.Real thing is you dont want palace built by oromos while there is minilik palace

[@eliudasfaw564]

Is girum not part of that palace??? Why are telling the dog to bite his master 😂😂😂😂

[@ephremaregawi7590]

he didnt even mention the civil war which is the main cause

[@maYoutubeTube]

@@ethiojobsvacancy4730there is no such thing as the money has nothing to do with the budget. As long as he is on a state power and that is not personal project, it must be audited.

[@RemiMoha]

You don't say....

[@southethiopia9620]

Please please Do not take this guys' report(Girum Chalaa) as he works for Prosperty.

[@ephremwelegebreal9085]

Chala is goverment affiliated not free journalist

[@ZeraYakob]

Building Grand Palace at 12B USD, buying military Drowns and ammunition are the “much needed “ boost IMF is expected to fill in .

[@amhara_1234.]

Exactly. But this puppet won't dare to talk about that

[@A21979]

Girum Chala Fake journalist ⚠️⚠️⚠️

[@user-tk8tz7xf1q]

Don't devalua your money it will destroy your country

[@ahassan5]

They dont have any money

[@mesfinfikereslassie1404]

​@@ahassan5 follow ur camels tell that is what u only know

[@zameriyo1230]

It's already devalued due to the black market

[@OmarOsman98]

@@ahassan5Somalia is next up on their list. I think Ethiopia will annex Berbera or at least lease it

[@ahassan5]

@@OmarOsman98 good luck.

[@gebremedhingessesse6543]

What mega project are you talking about,for God's sake????

[@rahelzeleke958]

Hi Stupid Gebremedhin😂 The mega projects is publicly audited.

[@rahelzeleke958]

Hi Stupid Gebremedhin😂 The mega projects is being publicly audited.

[@tsegaendale1678]

U know wt 😂the stupid mind doesn't understand wt mega projects that goin on across the country.😂😂😂

[@mamokilo]

1. Abiy palace 2. Shemeles place 3. Piazza Abbebe palace 4. Some new thing they want to build in Addis 5. Another new thing in Addis 6. some more things in addis etc

[@diaaahmed6734]

He soeake about FAILD GERD dam project no electricity network Sudan will not import electricity no benefit from water just make tension with Egypt and Egypt will revange and not allow Ethiopia to be stable anymore

[@user-wg1nx9ob4h]

The main causes are not mega projects. Rather, it is the ongoing internal conflict.

[@OmarOsman98]

Ethiopia has a very small economy and the war kept them down. But I forsee another war on the horizon if and when Ethiopia goes into Somalia to secure Berbera

[@macx541]

girum is working with the goverment , tell the truth the pm abiy palace building costs 10bn dollars how about that ?

[@zeebee5574]

Girum Challa is a Party member, not true Journalists

[@jonastube274]

Is he a politician or a journalist? Why doesn't he want to reveal the true reasons? The Renaissance Dam isn't the primary cause of the dollar shortage; the main reasons are extravagant projects like the Chaka project (Palace), costing billions of dollars, as stated by the Prime Minister to the HPR. Other projects, such as parks and recreational areas, which should be undertaken by private investors, contribute to the issue. Additionally, the government's inclination towards war instead of diplomatic negotiations is evident in war in regions like Amhara, Oromia, and the recent war in Tigray. Mr. Girum seems hesitant to address these fundamental issues. 🤔

[@hassenissa8539]

If you are not stand WTH Ethiopia,you are against Ethiopia.🇪🇹 consider You your self an patriotic or Banda ….

[@user-ps55619]

Grum Chala is either a member of the PP, or he is weak reporter. He breezily overlooks the fact that the Ethiopian govt is spending upwards of 80% of its current budget in the military sector. Arms purchases.

[@OnlyActionET]

He is a member of the ruling party, Fake Reporter

[@kerubel1436]

Stop lying bro....don't you fear God?

[@OnlyActionET]

@@kerubel1436 you are paid by the government to post positive comments #Traitor

[@tedasquad136]

Wrong analysis by Girum

[@user-tq1ym7xo1x]

The title is suggesting Ethiopia is considering devaluation, the correspondent disagrees. But CGTN still maintains the suggestive title?? Strange!!!

[@waves101]

Because they know what's being agreed upon behind the curtain and it will come to light soon.

[@NitroBrewbell]

IT department responsible for editing for KZbin upload is not managed by the body responsible for News editor/producer. The social media manager in IT department is free to key in any characters the keyboard allows them for the title. The integrity of news delivery is not managed end-to-end. wait for this to be more when CGTN activates AI news Summary in the near future

[@Econ-xb5ux]

The reporter is very selective in listing the reasons for low foreign currency. He repeatedly mentions GERD, consuming much of the foreign currency but silent on the use of the hard currency to purchase weapons to fight its own people (Tigray in the past and Amhara and Oromia currently). The wars also affected the export sector, again reducing the foreign currency earnings. And yet, Girum is fine with it!

[@girmahabitamu1102]

He deliberately ignores to mention the palas being constructed with almost the same amount of money that is budget for GERD. The war wagged by his barbaric pm which is costing the hard currency and human life. He is such an idiot journalist who keeps quite as far as his pocket is full.

[@diaaahmed6734]

No any BENFIT from GERD NO ELECTRICITY NETWORK NO EXPORT ELECTRICITY TO SUDAN NO USE FOR WATER FIR AGRICULTURE ALSO MAKE TENSTION WITH EGTLYPT CAN DESTROY IT ANY TIME PLUSE FURL CIVIL WAR AND AGANIST ANY NEW INVESTMENT INSIDE ETHIOPIA AND NOT ALLOW ETHIOPIA TO HAVE ACCESS TO SEA

[@Kglighthandler]

CGTN Change the reporter now. He is a mouthpeace of Abyi Ahmed. Sorry Girum

[@ethiojobsvacancy4730]

Really? He stating the facts,but you want him to speak for Fano extremist and to say something against this government.

[@A21979]

👌

[@CandyXop]

Yeah! We all agree 👍

[@fbeyamo924]

The title is misleading as it doesn't represent the contents of your correspondent journalist's speech.

[@abubakerabdu7885]

When a comedian got the roll of a journalist or vice versa!

[@gechiyasu6716]

What about the $5Billion Palace construction? The guest via not telling the whole story truth

[@user-wg1nx9ob4h]

Thus, such journalist couldn't be international journalists but rather working for certain groups. Thus, the media should think about its business reputation.

[@dannylyles554]

"You Just Can't Make This 💩 Up"! "Black and Brown Money Matters"....Only!!! "Love and Unity Is The Key"!

[@teshomeabebe9477]

It is important to note that instead of focusing on stabilizing the economy, the Ethiopian government has invested a significant amount of funds into building a palace worth billions of dollars and purchasing weapons and drones. Given this, it may be worthwhile for the IMF to reevaluate any financial support and carefully consider where their funds are allocated.

[@dagmawitilahun6119]

Our beloved Ethiopia is a FAILED State whose leader consumed most of not all of its foreign currency in purchasing military equipment trying to secure it’s dictatorship regime

[@OneLove_12]

The CGTN reporter Girum chala the member of the ruling prosperity party. So we Ethiopians who are audience of CGTN were believe his report is the position/aganda of the ruling dictator government. he is not independent. CGTN should Dismiss him.

[@eliasadhana9158]

Groom chala is the 1 pro Ethiopian government which makes him responsible for the failure we have now

[@hassenissa8539]

Ethiopia 🇪🇹 before me.❤

[@gebremedhingessesse6543]

CGTN,think of Girum Chala,as he is a politician not a journalist!!!

[@NitroBrewbell]

how do you knows this to be true ?, Only a thief knows another

[@tsegaendale1678]

The Title of the video is not similar to the content of the topic.Mr Grume is gave u the right answer about the right action of The Ethiopian Gov. On the appropriate way. And i wanna say thank u Mr.Girum for ur legend answer about ur beloved country.

[@selamawit9524]

😅😅😅😅😅😅😅

[@paulosasfaw9799]

they want to put pressure on the government and overthrowing it by forcing it to devaluate the currency these imf

[@tsegaye7548]

Devaluation simply selling the country. In case of Ethiopia devaluation is unadvisable at its all costs.

[@henokteshager4049]

Equal import and export 😮

[@fntayetadesse2361]

Ethiopian Govt need z $ not for Econmic reason but for internal war against its ppl. and for corruption.

[@Israelabyirdaw7]

Girum is the best jornalist

[@fitbiz1535]

and the prime minister building a palace worth billions of dolars and resorts that is not nessesary for the people

[@Daniel-hr8tn]

If you want to know if your correspondent analysis are true, verify the outcome as it happens. Don't feed us biased analysis.

[@zelalemtekeletsadik6431]

After every sentence, he says the government is working bla bla bla....man, name the mega project you talking about. I hope you are not talking about Abiy ahmed palace

[@karozimathestar929]

Drones

[@yednekachewgeremew1886]

Don't blame hime our country also copyed the media strategy of Chinese gov median this media is not going to report some thing true in Ethiopia

[@tsegayetibebu1417]

CGTN take seriously a report by Girum these days or change a report.

[@abrahamhannibalthetraveller]

Thanks a lot! Very useful information! Ethiopia is going to solve all its problems very soon!

[@Kglighthandler]

አንተ ካድሬ መለስ የገነባውን ኢኮኖሚ አፍርሶ ጨረሰው።

[@kerubel1436]

The IMF is trying to create instability and regime change in Ethiopia with devaluation of the birr.

[@OmarOsman98]

Ethiopia is the one asking for the loan lol😂

[@user-wn3fx3mf9b]

Ethiopia ones first❤

[@yednekachewgeremew1886]

U r comment is nonthing to do with this channel and with is topic 😂😂 go some Where and delet it😅

[@efremwondale3113]

Girum Chala is a lier the current inflation of the country is 37.5%

[@nigusudebebe9606]

Some people cry like baby 😅 in coment Somalia and artira keep cry ( god bless Dr abechu and our government 🙏 ❤ 120 million we are with Dr abechu ❤ God bless ethiopia 🇪🇹

[@Kevintedore2050]

This guy this Ethiopian government agent

[@ethiopianlogisticianscommunity]

Devaluation isn't a prerequisite for getting IMF funds, but it can be a factor in the IMF's decision-making process. The IMF might be more willing to lend if the devaluation is part of a comprehensive plan for economic recovery, with safeguards in place to mitigate risks.

[@ethiojobsvacancy4730]

Nice reporting and loved how it is in touch with public opinion.currency devaluation is not gonna happen

[@user-yn6xq9qb2p]

There is no country in the world whose country has changed according to the advice of the World Bank. If the government brings peace in the country, the next day the inflation will go down. The reason for the current shortage of dollars is partly because big projects are being put on hold. Similarly, in many places, the government is taking the upper hand over the rebels.

[@juniorperson3733]

ethiopia is a great country. Thank you

[@Allittakesiswillpower8371]

Why does rhe imf need the devaluation ? aomebody please explain this to me.

[@pawlosgeyego2694]

Gurum lie Abey Ahmed cadrea Reinsense Dam already stop construction project 5years ago the reason Abey Ahmed all Ethiopian resource use for War too sesstine his power.❤❤

[@GadisaM]

Say No to Devaluation

[@ethiocsc8289]

At the end of this year, it will hit Birr 200/US$1 causing economic disaster. It will be followed by hyperinflation after a while.

[@addisumzewdie]

Is CGTN sponsored by AwashBank? Or is it the reporter's exclusive choice to post AwashBank's Name, logo and detail branch operation?

[@badhoo11]

Girum chala,,#boss

[@teshtesh8402]

Ethiopian government shouldn't devaluate its currency at this time to borrow money instead IMF should increase its interest rate so they can make a profit other wise Ethiopia can stops some of the project until its sort out its financial problems

[@ahassan5]

Ethiopia is bankrupt basically

[@mesfinfikereslassie1404]

Too far Better than being failed state

[@ahassan5]

@@mesfinfikereslassie1404 how is Ethiopia doing now?

[@gedionatphysicsmathelectro1867]

According to IMF, it means the value of black leadership and country should be cheap. Your best bet is to back the currency with gold if you have any control over it than the terrorists groups...

[@thetruth1394]

Don't devalue Ethiopian Bir.

[@ephremwelegebreal9085]

Chala is government affiliated

[@yednekachewgeremew1886]

No no ...the dame is stoped from getting construction cut the bull shitt

[@mesianbesa1887]

This journalist Girum chala took some of the money for propaganda purpose!!

[@maYoutubeTube]

Girum Challa is a fucking liar. He is talking shit because he is ethnically and now politically aligned with Abiy Ahmed. He is no more an independent journalist . The Fact is Ethiopia is losing its foreign currency because of 1. Government building $10 billion palace 2. The government is buying military drones and other artillery from Türkiye spending almost all the money the country owns to fight against its own people which has been going on for the past 6 years. 3. There is no audit on the money Abiy Ahmed is spending on building parks. 5. Making political supporters rich in a day so that they can help him stay on power. . . .

[@babuabush6590]

The diaspora needs to work harder to save the country

[@mrchu5492]

No more work with dictator !

[@Habesha_RandomVibes]

Girum great analysis as usual. Those who troll in the comments are Fanno thugs.

[@binesolo5502]

Grume all wrong He is part of government not journalist.

[@mewael_black1844]

Ethiopia has many protectress to lying 😂

[@BsG-np9kq]

Ethiopian government currently hold genocide on Amhara people prime minister Abiy Ahmend Ahmed from Oromo tribe and this journalist Gerum chale also fro or Oromo tribe support his genocide relatives

[@HADIKTUBE]

I always ask when u guys shoot some african countries Why do they use low quality camera or low quality videos while we have 8K quality cameras ...... this is what the others do when u do such things to your sister countries whi u could do more.. PS thanks for the information tho

[@yonas8690]

the analysist is totally government lies .

[@nebyat21]

This man is biased in his reports

[@BekaluYedane-zc6zk]

There is no government in Ethiopia. The power is controlled by ethnic anarchism led by a bunch of children, and they don't have knowledge of anything. This clown Grum challa is one of the ethnic members.

[@mrchu5492]

CGTN must change this fake politician journalist !

[@GulitGebeya23]

CGTN Africa you can not get precise information from this gay(girum chala)

[@nahommesfin9835]

This guy's is biased he can't be a journalist. He supports the current government. Please bring a neutral journalist for human rights sake

[@solomon7981]

This broadcaster seems to be eager to disseminate propaganda about Ethiopian currency devaluation.She is maybe one of the black market beneficiaries.

[@LawofGod]

You nailed it

[@gabrieltilahuinbehabtu5592]

incompetent reporter

[@tagelalemayehu2830]

Thank you 🙏 Girum Chala & CGTN

[@Daniel-hr8tn]

Girum Chala is biased. Change your correspondent. We already stopped watching you as frequently as we wished.

[@ethiojobsvacancy4730]

Don't say we represent yourself.Right now you are watching and commenting .You are lying I like Girum's reporting❤

[@tfenta5994]

😂😂😂

[@shawaliyaaa]

Girum is one of the best reporter's

[@mickaelyemenu6641]

😂😂😂😂

[@girmaamen]

ምድረ ባንዳ ተንጫጫ 😂😂 Imf በግዱ ያበድረናል የ500 ቶን ወርቅ መገኘቱን ሰምቶ የ BRICS አባል መሆናችንን እያወቀ ለምኖ ያበድረናል 😂😂

[@A3WE77]

Fake news CGTN you should be responsible for everything think that comes to you

[@WelkaitTegede-kd1lq1yo5m]

He works for abiy ahmed. He is a liar journalist.

[@chuchuyeshitla7733]

Ethiopia economy is declining highly

[@mrchu5492]

Because of the current dictator government !

[@ephremwelegebreal9085]

Chala pls be rational you are a layer act like a journalist not as politician

[@herryg]

Of course የጫላ ልጅ የአብይ ተላላክ

[@Fano101]

the most biased journalist ever, girum chala.

[@southethiopia9620]

I would like to unsubscribe this channels due to its fake reports

[@Mranbesa]

The correspondent doesn't sound impartial; clearly reflecting the Ethiopian government's narration.

[@southethiopia9620]

Fake news

[@hanaeshete9388]

Mr Grium Thankyou sòoooooooo much for excellent answers 👏

[@Hello_Ethiopia]

CGTN Change the reporter now. He is a mouthpeace of Abyi Ahmed. Sorry Girum