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The Political Class Bet on Mega-projects, Pushed State Banks to the Brink

For more than a decade, Ethiopia maintained an average headline GDP growth rate above eight percent, masking profound vulnerabilities expanding beneath the surface of the real economy. The rapid economic expansion was heavily undermined by systemic corruption surrounding state-led megaprojects, weak domestic savings, and a severe loss of international competitiveness, writes Eyob Tesfaye (PhD) - tesfayeeyob742@gmail.com - a macroeconomist. His views expressed in this commentary do not represent or reflect the positions of any organisation or institution with which he has been affiliated.

May 30 , 2026
By Eyob Tesfaye (PhD) ( Eyob Tesfaye (PhD) - etesfaye48@yahoo.com - is a macroeconomist and policy analyst. )

The Political Class Bet on Mega-projects, Pushed State Banks to the Brink

May 30 , 2026. By Eyob Tesfaye (PhD) ( Eyob Tesfaye (PhD) - etesfaye48@yahoo.com - is a macroeconomist and policy analyst. )

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The Political Class Bet on Mega-projects, Pushed State Banks to the Brink

The Political Class Bet on Mega-projects, Pushed State Banks to the Brink

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