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Ethiopia

Abebe Aemro Selassie


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Reformers reach a turning point

Africa's economies may be at a turning point should the 'right policy choices' be made according to the IMF's African Department Director Abebe Selassie...

African Department Director Abebe Selassie acknowledges the IMF receipt of proposed Ghana Eurobond-holder terms...


Austerity the price of debt workout dodge

The public view of IMF African Department Director Abebe Aemro Selassie was that Kenya would return to the markets hopefully 'sooner rather than later'...


Tinubu struggles to rebalance the budget

It is also a concern to the IMF whose Africa Department Director Abebe Aemro Selassie emphasised at October's IMF/World Bank annual meetings that he had no knowledge of any debt restructuring discussions involving Nigeria...


Debt and geopolitics slow Africa's growth

IMF Africa Department Director Abebe Aemro Selassie says African governments now face four main challenges – excessive inflation downwards pressure on exchange rates 'elevated' debt pressures amidst a continuing 'funding squeeze' (AC Vol 64 No 10 No brave new Bretton Woods in sight) and frequent debt distress and 'subdued' per-capita incomes particularly in resource-intensive economies...


No brave new Bretton Woods in sight

Specifically warning of a serious 'funding squeeze' is IMF Africa Department director Abebe Aemro Selassie who six months ago urged African governments to tackle food insecurity improve fiscal balances and debt sustainability fight inflation and facilitate 'high quality' growth (AC Vol 63 No 20 Interest rate pressures mount across region)...


Ruto's credit slumps amid cash flow crisis

For the moment at least publicly the IMF's Africa director Abebe Aemro Selassie states that it does not expect Kenya to engage in debt restructuring and the consensus view is that Kenya is in little danger of defaulting on its debts...


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Dialling for dollars

The possibility of debt restructuring talks was played down by the IMF's Africa director Abebe Aemro Selassie telling reporters on 14 April that Kenya 'is not a country that we are expecting to do debt restructuring...

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Governments pushed close to the edge

IMF Africa Department director Abebe Selassie emphasises four key policy challenges facing governments: the fight against food insecurity prioritising those most in need; reducing budget deficits despite poor financing conditions raising revenues while targeting spending cuts and maintaining debt sustainability; fighting inflation via gradual interest rate increases; balancing central bank credibility against the dampening effect of higher interest rates on growth; creating the conditions for 'high-quality' growth in an era of climate change and boosting renewable sources of energy...


Alarms sound on debt, inflation and food

IMF Africa department director Abebe Selassie said policymakers faced three main challenges: to protect vulnerable populations from rising food and fuel prices while keeping an eye on debt sustainability; to control inflationary pressures without undermining growth recovery; to respond to pressure on their exchange rates largely driven by interest rate hikes in the biggest economies...


Displaying 1-10 out of 22 results.