17/07/2025
Ethiopia's Economic Struggles and IMF Involvement
The article criticizes Ethiopian Prime Minister Abiy Ahmed's past rhetoric comparing borrowing from the International Monetary Fund (IMF) to borrowing from one's mother. It highlights that the IMF, which the author ironically calls "Abiy's mother," has now indicated that Ethiopia, despite previous temporary relief, needs further emergency economic intervention.
This news is presented as a "grave misfortune" for Ethiopia. The IMF has reportedly pointed out Ethiopia's significant trade imbalance, with $28 billion in import trade versus only $8 billion in export trade, resulting in a $20 billion deficit. The IMF also stated it will re-evaluate its calculations.
The article notes that the IMF is concerned about several issues impacting Ethiopia:
* Rising cost of living
* Decreased export trade
* Lack of aid
* Ongoing conflict
* Increased import trade
The author emphasizes that "healthy countries don't go to the IMF's door" and don't "beg for support." The IMF is depicted as a place for "emergency medical treatment" for a "patient" who cannot choose their own medicine, but rather has it chosen by the doctor in charge. The article concludes by reiterating the critical view of the IMF as "Abiy's mother."