“Human rights abuses will deter ESG-conscious investors at a time when Abiy is looking to attract foreign investment to drive his Homegrown Economic Reform agenda which aims to transform Ethiopia from an agrarian to an industrialized economy by 2030,” said Verisk Maplecroft Senior Africa Analyst Ed Hobey-Hamsher in a comment last week.
Category: Economic Impact
‘We Can’t Be Beaten,’ Says Leader of Rebel Ethiopian Region
Investors are spooked. The country’s $1 billion of Eurobonds maturing in 2024 have declined 4% this month. A gauge tracking developing-nation dollar-denominated debt rose 2% in the month through Tuesday.
REGIONAL ECONOMIC OUTLOOK SUB-SAHARAN AFRICA 2020 OCT INTERNATIONAL MONETARY FUND A Difficult Road to Recovery
Ethiopia’s economic growth predicted prior to the war by the IMF for the year 2021 was at 0% per chart in report on page 29