Ethiopia lets Currency go into Freefall to get IMF Loan | Vantage with Palki Sharma

well said.

😢 Sudah mulai ngedrop parah mata uang Ethiopia birr crash. 😢 Bertahan Ethiopia people.

Gold/Silver Standard is needed.

Taking loan from IFM is like marrying a women. Even after divorce you will still pay her for matience of children. P.M abyi took our country slavery.

they better be dropping that loan into buying Cardano and building a new gov system on that. they could vote to withdraw from the treasure. this is the whole point of that blockchain.

This lady is always picking n wish bad things for Ethiopia, nothing changed her haters, off course Ethiopian borrow from IMF but the implementation is in the ground is designed by the Ethiopian gvt not by how the IMF way of Implementation.

full of corrupt politicians and the people face the music. why blaming imf , world bank, russia,/ china

105 Ethiopian Birr to $1 USD, its a good time to go to Ethiopia

8-17-2024

Thank you India Shining in the light

They know IMF is predatory 🤦🤷

Why African nations are dealing with IMF and World bank whose only goal is to plunder their resources and bankrupt their economies. It's time they create a common currency backed by their vast mineral wealth which will rival the dollar or the euro and undoubtedly spell the crash of the greedy IMF and World bank.

I think you are paid by the Opposition .Guet your hand from this country. We know you are paid by those wh roped the country inmillions dollars They are not more than 10 you are paid by these thiefs.Stop doing these We know you are paid by these corrupt crouch who suck the poor Ethiopian blood.

Shahid Bolsen said it best....'When the IMF loans you money, they dont want you to pay it back, they want the WHOLE COUNTRY '

Taking an IMF loan is like gambling with your life... nothing but the truth. In most cases the IMF never improves the economic health of these countries, only makes them worse and I bet they do that on purpose.

A deeply divided society can not stand up against the government no matter how the cost of living has risen. Hence, the Ethiopian government gambled at best time and will harvest the good fruit of the gamble in the long term. Ethiopia, is now destined to prosper.

I wonder why Palki mix things up: The major import of Ethiopia is not Food Palki, it's rather other things like Oil and Natural Gas...please check the data before U start blabbing.....

As Harvard Prof. Robert Barro puts it, "THE IMF DOESN'T PUT OUT FIRES, IT STARTS THEM

Leave us alone ms P we beilive in one GOD he never done with ETHIOPIA he is our HOPE🙏

Abiy has been installed by the west to destroy Ethiopia from within. He was even given the nobel peace prize by his masters.

Now they plan their next move by making Ethiopia heavily indebted to the Zionist masters with the help of their stooge Abiy..

Omg i pray for Ethiopia which has just bounced from a mini civil war with the Tigray ( power struggle).
Under the Tigray there was peace and progress and this might embolden the Tigray to re grab power.

What a huge blunder made on Ethiopia’s side to do that. They should have strengthened their relations with countries like Rwanda and others in the Eastern block and went to Brics for partnerships. They don’t need debt at this time. Whoever advised them -their intention was not authentic.

Hell I'd invest in it. Its going to drive people with skills to invent something great. You have to have food, water, shelter, education, and moral solid

IMF is just like an economic Hitman on African Countries

Thank you

Corruption is the #1 chronic sickness.
The government is a Hyena, they divided the money to themselves and applied it to buy a weapon. IMF is laughing out loud at them. Taking a loan will make you cripple. This is what is needed to happen in Africa. When are gonna Africans wake up ? We don’t have a handful of geniuses ?

The last and final scramble and partition of Africa. .😢😢

Any nation that is not oroductive economy (finished product exporter) has no business to devalue its currncy, because it will make them poorer and imf knows that.

You’re crushed 😅😅

IMF loan,i think you are ready for more than what we are doing in Kenya 😢😢

Ur stupid. It is general hesitation in case of Ethiopia. False information

Thanks for speaking the truth and taking on the risk to cover this information. Mainstream Media doesn’t care about Africa

Dope intro

Something is seriously wrong with African Leaders..they know the right thing to do but they just choose to do the exact opposite

It is none of your business

Great reporting

U said Ethiopian people gamble or rather the government…what kind of news reporting is this? The government represents the people. No matter what. Even though the government doesn’t know economics.

I'm from Ethiopia🇪🇹. And believe it or not this is exactly what our economy needs.
With the new "floating exchange" policy the currency exchange on black market and the banks is getting almost equal.

It is true our currency lost more than 30% of its value but that's where the market lead it to, determined by the sellers and buyers.
And do you know what the government did with the money it got from IMF, sold it to local banks. Local businesses need the foreign currency to produce and operate which in turn drive the economy upward and get more foreign currencies from their product and service.

It is scary how much a 'Media' can be arrogant and stupid.
Just because we are Africans doesn't mean we don't know what we're doing!

The micro economic policy improvement done in Ethiopia is good, but to measure the efficiency of this market, it is appropriate to check the efficiency of the triangular market, which of the three was decided.

Ahh in one line she said "tha Wuhan virus" what she want to reminde us? ahh I forget she is from india. I understand now.

OMG IMF that's the devils house I pray God help Ethiopia

Firstpost what is the solution for current Ethiopia problem?

Ethiopia will not be the next dream on

My country wento from one gambleer to anothe.which is so sad.That bulshit evil government going to buy expensive war weapons for civil war not fot the improvement of the dying poor.

Ethiopia has officially been conquered

Don't expect any protest in Ethiopia
The Ethiopian people behavior are very different from other African people
Your estimation very wrong

But the government talking like they did the best thing for the people. As if people not find out the actual fact.😂😂😂

IMF is destroying Afrika by force.

Stop about this fake news,dam shame o. Y
You,this dam she is not properly sleek English language dam journalist.

i am Ethiopian and i am telling this if Ethiopia play her cards right she will be IMF poster boy

1. work on import substitution

exporting oilseed and importing edible oils must stop

2. Ethiopia must stop importing 4 billion dollars of petroleum switch to EV...Ethiopia have world cheapest hydro electricity $0.07 kw

3.Ethiopia must stop 6 billion dollars chemical fertilizer ad swith to natural fertilizer gradually

4. Ethiopia can open her door for investor this alone provide Ethiopia more than what IMF give us

It's normal imf who control... Money 💰 💰💰💰💰