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1/n Long thread: The State of the Ethiopian Macroeconomy &Its Prospects. This is based on my macro studies in the last few years, including a new macro model for the figures stated. It is taken from a presentation made to Hibret Bank Senior directors
Open Letter from Ato Tekalign Gedamu.
1 January 2024
Dr. Akinwumi Adesina
President, African Development Bank
Dear Mr. President,
I am writing this open letter regarding the October 2023 shocking physical attack on the ADB officer who was head of the Bank’s office in Ethiopia and who enjoyed diplomatic privileges in carrying out his official duties. Notwithstanding your requests for
explanation and enquiries by Ambassadors in Addis Ababa representing certain non-regional shareholders of the Bank, the government of Ethiopia has apparently not offered a substantive response. Unsurprisingly, the attack and the government’s silence for nearly three months now has soured relations between the Bank and the country.
As a former Ethiopian staff member who had the good fortune to work at the institution for more than a decade and half, I have been deeply saddened by what appears to be a deliberate act of egregious atrocity reminiscent of the conduct of gangs and crime syndicates. It was plainly wrong. And singularly shameful.
I understand that the perpetrators and those behind them have not been named. The fact that the assault took place not in some remote and inaccessible corner of the land but right under the noses of the country’s rulers might lead observers to conclude that a not insignificant burden of accountability rests squarely upon their shoulders.
Inevitably, the incident casts an unsettling shadow on what has long been an amicable and productive bond between the Bank and Ethiopia. As you know, it was in Addis Ababa, and more precisely in ECA’s Africa Hall, that the ADB came to life; following a study commissioned by the Executive Secretary of the organization and carried out by Hans Singer, the well-known British economist, that established the feasibility of the idea. The subsequent role played by Ethiopia’s finance officials at the time (particularly Ato Menassie Lemma and Lij Yewondwossen Mengesha, Governor and Deputy Governor of the Central Bank, respectively) in mobilizing their counterparts from the newly independent sister countries of the continent and in devising the mechanism for the project’s realization was an inspiration to all (including young African professionals like me at the ECA) who were privileged to witness the consequential event.
It is the country’s current rulers who, under normal circumstances, would have the primary duty to recall the history of this cherished event and to draw the right lessons for their policies. Regrettably, they do not appear inclined to do so, which means that they are unlikely to find remedies for the present impasse. They are too pre-occupied with their goal of recasting the country in their own image, for which they could scarcely point to a credible mandate. Under them, Ethiopia is being transformed into a veritable dystopia. The frequent kidnappings, arbitrary detentions, unending killings, a culture of ineptitude and corruption without parallel in the country’s history, and the general breakdown of law and order are manifestations of that phenomenon.
Mr. President
At the risk of sounding presumptuous, allow me to close by expressing my belief that, before long, you and other like-minded officials would find a resolution to the challenge that this most unwelcome of episodes has left in its train. In recent years, you have been a remarkable champion of Ethiopia. It is my hope that under your leadership, the Bank will continue with its good work, such that the ultimate beneficiaries, the people of Ethiopia, could count on your leadership, as well as others similarly positioned, to stand by their side in their seemingly unending struggle to escape from the gripping pangs of poverty.
Kindly accept my sentiments for a speedy recovery of the aggrieved staff member.
And my best wishes for a peaceful and productive New Year.
Sincerely,
Tekalign Gedamu
Looking for a way to unwind on a Sunday while also making a positive impact?
Why not participate in our weekly #plogging session? 👇
https://t.co/iJH4WruxlX
#ንብትውልድ ❤️
Many are talking about The Times' accusations against Russell Brand.
I have no idea about their veracity, but the same newspaper reported 800 church-goers were gunned down and eaten by hyenas, which turned out to be a FABRICATION. There was no retraction.
https://t.co/UdGvL27gIJ
WORLD RECORD SMASHED 💥 ‼️
The incredible Ethiopian athlete Gudaf Tsegay obliterated the world record in the women's 5000m by 5 seconds, running an astonishing 14:00.21 at the Diamond League. The previous mark of 14:05.20 was set just in June by Faith Kipyegon of Kenya.
Few days ago, Gudaf won gold in the 10,000m at the World Championships with Ethiopian athletes sweeping 🥇🥈🥉 in Budapest & she was unable to contend for the 5000m title during that time due to injury.
Listen his the commentators were left stunned & speechless. One of the commentators said “I am losing my mind!”
#Ethiopia 💚💛❤️
#IKYMI: On #Eritrea visit, President Isaias Afwerki and @afdb_group head @akin_adesina toured projects. “I marvel at some of the things I see here,” said Adesina reaffirming the Bank’s commitment to helping Eritrea with rapid development. https://t.co/Ru9IoXZUQZ #AfDBinEritrea
There is substantial evidence that Saudi Arabian border guards have killed hundreds of unarmed migrants seeking to cross their border, and tortured and raped survivors. These horrific allegations must be investigated, including by the U.S. government. https://t.co/EK1dmi0vE8
On the practical challenges of replacing Birtukan Midekssa:
"Both the Prime Minister and the House of People’s Representatives are expected to tread carefully and deliberately on the political sensitivities and considerations of replacing the key figure at the NEBE – especially in a political environment, where election results are frequently contested.
Both the candidate (to replace Birtukan) and the selection process should uphold the principles of fairness, transparency, inclusivity and neutrality – considering the importance of the role and the need to maintain the integrity and credibility of the board in Ethiopia’s democratic process �� a process that has never been void of challenges and constant disruptions.
That said, replacing Birtukan Midekssa is an uphill battle and her replacement is set to determine Ethiopia’s democratic future."
Read more at: https://t.co/It3qFcZ6pt