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Ethiopia

Time is running out for Abiy’s ‘new beginning’ in Ethiopia (Cameron Hudson, Atlantic Council)

After being sworn in this week in front of tens of thousands of jubilant supporters, Ethiopian Prime Minister Abiy Ahmed promised “a new beginning” for Ethiopia as he begins a new five-year term. That’s precisely what Ethiopia needs after his first three years in office.

Inflation stands at a record-high 34 percent, the nation’s debt has reached a crippling $30 billion, and efforts to privatize some of the country’s corporate crown jewels, such as Ethio telecom, have floundered amid allegations of genocide and predictions of mass starvation as the conflict over the country’s Tigray region rages on. With the country’s trade benefits under the US African Growth and Opportunity Act likely to be suspended by the end of the month, what was once one of the world’s fastest growing economies suddenly finds itself on life support.

Time is running out for Abiy’s ‘new beginning’ in Ethiopia – Atlantic Council