The recent poisoned advice from the World Bank to devalue the Birr by another 10% is a sure process of killing the Ethiopian economy for good. What they are attempting is to get at China through such pariah-nibbling at small economies around the world where China has gained well-earned influence and often mutually beneficial partnerships with numerous developing countries. “Lars Moller, the bank’s chief economist in Ethiopia, told reporters today in the capital, Addis Ababa,” about the 10% devaluation so reported William Davison in his short article “World Bank Urges Ethiopia to Devalue Birr to Boost Exports,” Bloomberg, Jul 22, 2014. (For full Text, CLICK HERE!)
DO NOT DEVALUE THE BIRR: Ignore the World Bank! By Tecola W Hagos
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