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Ethiopia's debt: an economic and political liability


Ethiopia’s debt: an economic and political liability
May 16, 2021
But the economic headwinds are equally strong—and they have the potential to compound political dilemmas.
As part of the state-led developmental project pursued by the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF), most intensively after 2010, the government invested big, both directly and through state-owned enterprises (SOEs).
While the injected capital—mainly to finance infrastructure— produced impressive economic growth, the model was heavily reliant on debt. The sustainability of this formula depends both on realizing returns that are higher than the contracted interest rates and securing foreign exchange with which to repay interest and principal. ....

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Peaceful march held in Miami-Dade as police encourage those who see something to say something


Peaceful march held in Miami-Dade as police encourage those who see something to say something
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MIAMI – A spike in shootings across South Florida has not led to many arrests.
Wednesday night, the Miami-Dade Police Department, joined by several others from around South Florida, held a march for peace, encouraging members of the community to come forward and help bring justice.
The event is billed as a ‘gun violence peace march’ and it’s an opportunity for officers from the Miami-Dade Police Department to publicly join forces with members of the community.
“What this shows here is that it takes all of us to keep our community safe, not just law enforcement but the community as well,” said Miami-Dade Police Director Freddy Ramirez. ....

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