Ethiopia: Birr devalued on IMF demands… [and a proof of a broken war-torn economy]

A few days ago, Inside Africa reported that the IMF wanted the Ethiopian birr to be devalued, as it currently trades about 50% weaker than the exchange rate on the black market. This devaluation was necessary for Ethiopia to secure $10.5 billion from the IMF. It seems the Ethiopian government has accepted the IMF’s demands by adjusting the exchange rate to reflect market realities” (Inside Africa, 28.07.2024).

This here is a big blow for the Prosperity Party and the Prime Minister Abiy Ahmed Ali who has broken the economy. All of his warfare and destruction is haunting the state reserves. The continues plague of conflict and usage of force is costing him. That’s why the markets and the lenders are putting hefty strings on the next loan.

Prime Minister Abiy is now in the mercy of the International Monetary Fund (IMF) and the World Bank to run his nation. They are now putting strings on the loans he needs to be fiscally stable. The need of fresh currency and cash-flow is the reason for this. As the government needs more funding to operate and be viable.

That’s why the recent macro-economic policy shift is a worrying sign. The devaluation of the currency will wreck the economy. It will cause an affect on the rating of the nation economy as a whole and also ensure possible rising inflation. This is an evil cycle that can break a nation.

That the Prime Minister is accepting these strings is possibly the “kill shot”. This is the end-game… and it shows that the PM had no other choice. He knew he couldn’t muster confidence or donors to cover a possibly shortfall. He needed the IMF to bail him out. They are now bailing him out, but the government will pay. The citizens will pay even more and the businesses will pay a huge burden too. This is just a tale of sinking ship.

The birr will over time be worthless or even be a mockery of it once was. The short-term salvage and fiscal funding will cease. The state will need more over time and cannot sustain whatever it has for the moment. That’s why they were in need of IMF bailout to begin with. The wars and the conflicts has also stopped the progression and the positive outlook that the Ethiopian economy had.

The PM had inherited a nation of prospects and hope in financial terms, but has been able to destroy and deplete that completely. That’s part of Abiy’s legacy and now he bends the knee for IMF. He becomes their puppets and he tries to make it seem like it was his idea. When the IMF gave him the stings and he made the song out of it. The tune will be played and it will be funeral march. This will be the start of a financial downturn and depression. That’s what is bond to happen.

The birr devaluation is the first step to a highly rising inflation and added costs on everyone. This means everything imported will cost more and that burden will be on the citizens. That’s a cycle of more taking away more funds from circulation and will be spiral of evil. The sort that destroys an economy and that was done on the altar of internal warfare. Internal warfare born out of greed to consolidate power by any means necessary.

Prime Minister Abiy isn’t only depraving people their freedoms and liberties, but now he will empty their pockets on behalf of the IMF and World Bank. Those institutions save him and his reign, but the cost of that will become the burden of the citizens. Peace.

Ethiopia: Office of the Prime Minister – Macro-Economic Reform Program Policy Statement (28.07.2024)

Ethiopia: Oromo Federalist Congress (OFC) – Press Release (14.07.2024)

Ethiopia: Salsay Weyane Tigray – Press Release (15.07.2024)

Ethiopia: Oromo Liberation Front (OLF) – The Proliferation of Kidnapping and Ransom (11.07.2024)

Ethiopia: Who is Abiy aiming at now?

Even though the question is not asked, let me advise my fathers and my elder brothers. Recently in some areas, our fathers are discussing a coup d’ etat. it will not succeed in Ethiopia. We are soldiers and we built the institutions in a way to ensure that the coup will not succeed” (…) “There was a coup in Ethiopia 50 years ago… now it will never succeed. Never. my advice for my elders and fathers is not to waste time. Do not crowd the guest house. Do not waste money from our friendly country” – Prime Minister Abiy Ahmed Ali (04.07.2024)

After all these years of Abiy in Office. The maverick and the warlord himself has an intention behind his utterances in the House of Federation yesterday. Yes, his a serial liar and conniving individual. A man who feast of conflict and consolidation of power.

When you know that Prime Minister foster that sort of environment. That’s when you begs one simple question… who is he aiming at and what for what reason?

He cannot utter the words of a possible coup and someone planning for his downfall without having anyone in mind. There must be a plan behind it and use it for political leverage. The PM would only do this as a scheme for a crackdown in one region of the nation or to altar diplomatic relations with another one. Because you don’t just say this and have no motive.

The Head of State, the regent and Commander-in-Chief must have a reason for it. He must think of some scheme and reason to say it. If he takes it out of thin air… it is just showing how blatant he creates conflict to get rid of his enemies. If he just said it to foster insecurity and lack of trust in associates. That’s just a quagmire of delusion and possible narratives of someone who is paranoid. Therefore, we cannot know what is happening to the originator of the “medemer terror”.

Alas, that’s wherein is the problem. We don’t know where his aiming the guns this time. We don’t know what conflict he possibly wants to amplify or use the political capital against. His already at war in several of regions. His already resurrecting and misusing office to build himself a palace. Therefore, he has a need to establish supremacy and significance to his reign.

Prime Minister Abiy is in dire need of conquest and victory. The conflict of Amhara is tearing him apart. The unresolved resolutions of Tigray is still haunting him. The skirmishes and the battlefields of Oromia isn’t doing him any favours. Neither is the brewing conflict between Afar and the Somali region doing him any good either. Therefore, there is so much blood and killings, which is coming home to cause more heartache.

The Prime Minster cannot live as a King in Addis Ababa when the rest of Federal Republic is burned to ashes. That won’t sustain him or his army of drones. They will not obey command or ensure his votes in the next election. Neither is there any sort of hope or relief coming his way. The supposed reforms are tarnished and the hope for betterment is dwelling oblivion. The constant warfare is draining the economy and flushing away the productive youth. Therefore, this PM is destroying the nation, piece by piece. Just so he can be the sole custodian above it all.

That’s why you can wonder… who is he aiming at and who does he wants to get rid off? Because, if we knew that… then we would know who he was speaking of here and we could assess the possible next steps. As we know that entails, law enforcement, command posts and final operations to end the ones who is the way of the PM. Peace.

Ethiopia: Salsay Weyane Tigray – Tigrayan Farmers in Desperate Need Help Avert Food Crisis! (01.07.2024)

Ethiopia: Salsay Weyane Tigray – A call for Urgent Acton on the Dire Situation of Internally Displaced Persons of Tigray (24.06.2024)

Ethiopia: Amhara Fano in Gonder – Refugees and humanitarian workers must be protected (21.06.2024)

Ethiopia: Oromo Liberation Front (OLF-ABO) – The heavy war crimes that the army of Biltsigina and Fano have to be condemned by any body (18.06.2024)

The Oromo Liberation Front (ABO) has been repeatedly under the administration of Biltsiginaa government soldiers and those who were trying to rob the land and property of Oromo people. It is known that it is known that it has been a long time that they are trying to steal the lands and properties of Oromo people. Specially in Oromia regions that are bordering each other like East Wollega, North Shoa, East Shoa, West Shoa and other special zones of Oromia, Amhara and Benishangul, Wallo and Matakal, the war is giving cover to the Biltsigina, robbing our people’s property, fleeing from the villages, and killing the lives of civilians. It has been a while since they have done daily work.

Again in the center of Oromia west Shewa zone onna nonno kebele called Kondala on 07,10,2016 ALI or June 14,2024 because of the wildfire act they did on our people (RIB) and the armed forces of Fano have opened on civilians, heavy war crimes (War criminal) and the masses of weapons. They did it on. The people who are doing marriage and marriage are going to lock them up at home and throw bombs to burn them and those who were doing a movement to save their lives. It is sure that they will kill them.

This crime of humanity has given the cover of the National Defence Force (RIB) and the armed forces of Fano have made a way to kill our people by wholesale. Apart from this, they were throwing bombs at a wedding and exploiting the survivors, using ammunition weapons and killed many people. The Oromo Liberation Front has confirmed that 20 people were burned by bomb and 4 people were shot by bullets.

It has been confirmed that people who suffered serious injuries are being treated at Waliso general hospital.

Oromo Liberation Front (ABO) condemns the war crimes against the people with weapons and the national defense force, and it will stand first.

The war is called “fishing fish and drying water source” by the protest of the people of the people who are fighting for the sake of robbing the homes and property of the Oromo people the armed forces of the cross has expired the load on our people. Our people are facing twin problems. This is more than ever, I am worried about Oromo freedom.

Lack of security and life guarantee that people with no weapons and property are disaster, people with no government and country will fall into the hands of the military.

Because of any problem in this Ethiopian empire, the people who are responsible for the disaster of peace and life are responsible for the responsibility of law and history. Biltsigina is the political power of the people who are using weapons and weapons are being taken away from the country.

The terrorist act, war crime (war criminal) and the armed forces of the national defense force and the army of Fano should be condemned by any body. For this, we will urge all Oromo people to stand and condemn this evil act, in general Oromia people, in general, we will be strong for the people of the country.

We call on civil, human rights organizations and international community to protest this act.

A victory for the people at large!

Oromo Liberation Front

June 18, 2024

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