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Ethiopian authorities’s rising reliance on overseas loans is posing a critical danger of financial collapse, a famend economist has revealed. “Take as an example China, which has loaned over $17 billion to the Ethiopian authorities for infrastructure initiatives. Our complete funding is 40 per cent of the GDP. Our saving is between 10-20 per cent of the GDP. “We import $13 billion and export $three billion. They’re those who’re filling all these deficit gaps,” mentioned Dr Alemayehu Geda. The Addis Ababa and London universities don was presenting his paper on International Direct Funding (FDI) in Ethiopia and Credit score
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