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Everything posted by Che -Guevara
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Ethiopia becomes Africa's latest sovereign default
Che -Guevara replied to Duufaan's topic in Politics
IMF Approves $3.4 Billion Funding Program for Ethiopia https://www.bloomberg.com/news/articles/2024-07-29/imf-approves-3-4-billion-funding-program-for-ethiopia -
Ethiopia becomes Africa's latest sovereign default
Che -Guevara replied to Duufaan's topic in Politics
My Take on Macro-Economic Reform Program Policy Statement According to Prime Minister Abiy Ahmed, the policy change in Ethiopia will have serious consequences for the country's economy and its poor people. The analysis of possible results is as follows. 1. Market-based Foreign Exchange Rate: - A possible devaluation of the Ethiopian Birr will occur, making imports more expensive and causes inflation. - This policy change can have a negative impact on the poor, who spend a large part of their income on essential goods. 2. Monetary policy based on interest rate: - Higher interest rates may attract foreign investment but at the same time increase borrowing costs for domestic businesses and individuals. -Thus, this may limit access to credit for small-scale farmers and entrepreneurs, thereby increasing poverty levels. 3. Fiscal Policy: - The implementation of austerity measures aimed at reducing the budget deficit may reduce essential public services and social programs. - This reduction could disproportionately affect the poor who depend on these services. 4. Government Debt Management:- - Increased borrowing from international institutions such as the IMF and the World Bank may introduce stricter conditions, including privatization and deregulation. - Such measures may reduce government control over key sectors, harming the poor and vulnerable populations. Looking at Ethiopia's special situation: - Defects in good governance: The policy transition can be carried out without adequate supervision, which increases the risk of corruption and mismanagement. Underdeveloped infrastructure: It can divert attention and resources from infrastructure development to economic reforms. - Agricultural predominance: As 85% of the population is engaged in agriculture, the reforms may not directly meet their needs, which may exacerbate poverty and inequality. Finally although the policy transition is aimed at stabilizing the economy and attracting foreign investment, the potential damage to the poor population in Ethiopia is serious. It is important for the government to carefully implement these reforms and mitigate the negative effects by developing strong social protection programs with a deep understanding of the vulnerable sections of the society. The government must provide special protection and incentives to farmers and small businesses. I hope extreme devaluation won’t happen soon. https://x.com/HabtishGurmu/status/1817721182210130055?t=BRX9b_Vyc1cQHX5QrtxYWQ&s=19 -
Garacad port is a great lesson for Somalis every where
Che -Guevara replied to galbeedi's topic in Politics
How would the completion of the port look like in terms of size and capacity? -
Ethiopia becomes Africa's latest sovereign default
Che -Guevara replied to Duufaan's topic in Politics
News: Birr devaluates by initial 30% as Ethiopia introduces market-based exchange regime Birr depreciates by initial 30% as Ethiopia introduces market-based exchange regime - Addis Standard ADDISSTANDARD.COM Birr depreciates by initial 30% as Ethiopia introduces market-based exchange regime Addis Standard - -
Ethiopia becomes Africa's latest sovereign default
Che -Guevara replied to Duufaan's topic in Politics
Ethiopia is about to face the TOUGHEST austerity measure, perhaps in the modern financial history of the country. Forced upon it by @IMFNews the depreciation of #Ethiopia currency (birr) may cause not only economic problem, but also social unrest & security challenges, https://x.com/NatyYifru/status/1817602319816540310 -
Ethiopia becomes Africa's latest sovereign default
Che -Guevara replied to Duufaan's topic in Politics
It is the IMF and World Bank have gotten their way. The devaluation of the Birr will cause more pain in the short term. -
Ethiopia becomes Africa's latest sovereign default
Che -Guevara replied to Duufaan's topic in Politics
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Ethiopia becomes Africa's latest sovereign default
Che -Guevara replied to Duufaan's topic in Politics
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Farmaajo's Re-election Campaign Kicks off in Doha
Che -Guevara replied to Che -Guevara's topic in Politics
That could be HSM's legacy. -
Sababta hoggaanimada Laftagareen loo diidanaa...
Che -Guevara replied to Miskiin-Macruuf-Aqiyaar's topic in Politics
I like to see what the say when SW firmly controls Marka, Barawe and every district in Lower Shabelle. -
Next Ethiopian War: Eritrea/Amhara vs Tigray/Abiy
Che -Guevara replied to Che -Guevara's topic in Politics
Like HSM, Abiy will eventually betray every 'ally'. He is now back to threatening Tigray. -
Farmaajo's Re-election Campaign Kicks off in Doha
Che -Guevara replied to Che -Guevara's topic in Politics
The launch of the reelection campaign of former president of H.E. @M_Farmaajo wrapped up today in Doha. The highly anticipated conference dubbed “Somali Diaspora Conference” was organized @AliOmarMP State Minister @MOFASomalia and Min. Farah Sheikh Abduqadir, the current Education Minister. The conference brought together Somali diaspora notables to discuss the current state of affairs & how the supreme leader can save the country. It’s also widely reported that the mood was nostalgic as Xabiibul Malyuun blessed the crowd. @HassanSMohamud when you have friends like these, you don’t need enemies. Somali Heshiis eh Dunidana Heshiis la eh! https://x.com/hodansomali/status/1816170316928008519 -
Xasan Socdaal's 'chief protocol'
Che -Guevara replied to Miskiin-Macruuf-Aqiyaar's topic in Politics
Wow -
At this point, it is fair to say secession poses more than a security threat, it is essentially trying to create a parallel identity that wants to rip Somali society apart. Most pro-secession folks in the North are decent and reasonable, but there is a virulent small group that align themselves with any group that harms Somali people, everything from lending moral support to Afars attacking Somalis in Sitti, celebrating the dismissal of the Somali members of Ruto's cabinet to even defending Ethiopian Airlines which have been known to mistreat Somalis. And they became cheerleaders for Abiy and his cruel policies.
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Next Ethiopian War: Eritrea/Amhara vs Tigray/Abiy
Che -Guevara replied to Che -Guevara's topic in Politics
Eritrea suspended all Ethiopian Airlines flights to Eritrea starting September 30 2024. -
WAR BETWEEN SOMALI AND AFAR MILITIAS IN WESTERN SITTI ZONE
Che -Guevara replied to Che -Guevara's topic in Politics
Somalis should not fall to the same old tricks. -
WAR BETWEEN SOMALI AND AFAR MILITIAS IN WESTERN SITTI ZONE
Che -Guevara replied to Che -Guevara's topic in Politics
Afars were taught a lesson. -
Next Ethiopian War: Eritrea/Amhara vs Tigray/Abiy
Che -Guevara replied to Che -Guevara's topic in Politics
Most likely. They don't have the money to buy more weapons and replenish the material losses. Only the UAE is willing to foot the bill. -
Do you know the price range for a bungalow?
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Next Ethiopian War: Eritrea/Amhara vs Tigray/Abiy
Che -Guevara replied to Che -Guevara's topic in Politics
More logistics https://x.com/breaking_bre/status/1815587094011826309 -
He endorsed Genocide Jane. He endorsed her!
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