Once home to one of Africa's fastest-growing economies, Ethiopia is struggling as the war in its Tigray region has reignited and weary citizens far from the front are pleading for peace.
Because of internal conflicts, the destruction of infrastructure and uncontrolled spending are hurting the economy while ordinary Ethiopians face weakening incomes and rising poverty, economist Alemayehu Seyoum told the meeting.
Certain development works continue, including Prime Minister Abiy Ahmed’s flagship projects like the beautification of the capital. Some state-run sectors of Ethiopia’s economy continue to open to investors, as Abiy promised after taking office. The cabinet this month approved the entry of foreign banks, a significant step.
Ethiopia’s government was unsettled when the U.S. last year removed it from a preferential trade program over its failure to end the war in Tigray that the U.S. said led to “gross violations” of human rights. Addis Ababa is lobbying for a reversal.Since then, global companies like PVH Corp have left Ethiopia, citing security reasons, and others are laying off thousands of employees.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
‘I cannot mourn’: Former colonies conflicted over Queen Elizabeth IINAIROBI, Kenya (AP) — Upon taking the throne in 1952, Queen Elizabeth II inherited millions of subjects around the world, many of them unwilling. Today, in...
Consulte Mais informação »
'I cannot mourn': Former colonies conflicted over the queenNAIROBI, Kenya (AP) — Upon taking the throne in 1952, Queen Elizabeth II inherited millions of subjects around the world, many of them unwilling. Today, in the British Empire's former colonies, her death brings complicated feelings, including anger.
Consulte Mais informação »
'I cannot mourn': Former colonies conflicted over the queenNAIROBI, Kenya (AP) — Upon taking the throne in 1952, Queen Elizabeth II inherited millions of subjects around the world, many of them unwilling. Today, in the British Empire's former colonies, her death brings complicated feelings, including anger.
Consulte Mais informação »
CDC moves Kenya to 'low' risk travel category. No new 'high' risk destinations for the second consecutive weekFor the second consecutive week, no destinations were added to the US Centers for Disease Control and Prevention's 'high' risk category for travel. A few destinations moved down a risk level, including Kenya, which is now in the 'low' risk category.
Consulte Mais informação »