ለማዳመጥ እዚህ ይጫኑ
It is a convincing responce
given by the well articulated Mushe regarding the current economic crisis in ethiopia. One question i want to ask is that why did IMF support the devaluation of Birr if, as Mushe put it, Ethiopia was not ready to devauate the currency?
I think the main reason for the government’s devaluation of the currency is to attract foreign investors and probably also to boost exports. Although I don’t have the statistics, I am sure Ethiopia is able to attract more investors after the devaluation of Birr that means more hard currency for the country. But I agree this is at the expense of the people so the government should have given careful thought before taking drastic measures such as this.
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