World Bank Dangles a Carrot Laced with Reforms, as IMF Waits with a Stick
In the corridors of the Ministry of Finance, on King George IV St., a recent visit by a World Bank delegation, led by Victoria Kwakwa, the vice president for East and South Africa, embodied more than a casual visit. During the discussions with key figures, including Finance Minister Ahmed Shidie, his deputy Eyob Tekalign (PhD), and Central Bank Governor Mamo Mihretu, the World Bank's message was unambiguous.
Ethiopia is on a fiscal cliffhanger; they must undertake substantial macroeconomic reforms to rejuvenate its partnership with the Bretton Woods institutions — the International Moneta...