By HEATHER STEWART, THE GUARDIAN With its shuttered banks, furious public protests and iconoclastic politicians, the plight of Greece, brought to its knees by a crippling debt burden, has been gripping and heartbreaking in equal measure: a full-blown sovereign debt crisis on the doorstep of some of the wealthiest countries in the world. Yet new
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By William Davison, Bloomberg Ethiopia’s credit rating was kept at a “highly speculative” B by Fitch Ratings, which expects the government to meet its fiscal deficit target of 2.9 percent of gross domestic product this year. Expansion in the fiscal year that ends July 7 will probably be in the nine to 10 percent range,
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By Seid Hassan, Minga Negash, Tesfaye T. Lemma and Abu Girma Moges Determining the sustainability of a developing country’s public debt is a challenge. This is because most developing countries in general and Sub Saharan Africa (SSA) countries in particular face an undiversified export base, a large share of agriculture in GDP (which itself is
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The East African As state-owned enterprises in Ethiopia continue expanding in the economy with huge investments, the World Bank advised the government to improve transparency and credibility of information. “As the country plans to become a middle income country, consistency, transparency and credible information about state owned enterprises are very, very important,” said Sri
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