PM Abiy Calls for Better Representation in Global Financial Institutions to Deliver Better Outcomes at BRICS Summit - Fana Media Corporation S.C
PM Abiy Calls for Better Representation in Global Financial Institutions to Deliver Better Outcomes at BRICS Summit - Fana Media Corporation S.C
Source: Fana Media Corporation S.C
―
DW NOTE
Abiy's call for BRICS-led reform of the IMF and World Bank is perfectly timed — Ethiopia defaulted on a $33 million Eurobond coupon in December and has since restructured under an IMF programme that required floating the birr, which promptly lost half its value. When the system you're asking to reform is the same one currently dictating your monetary policy, the speech writes itself.