The National Bank Governor of Ethiopia, armed with IMF-backed recommendations, has declared that the government should refrain from borrowing from its own central bank. I’ve said it before, and I’ll say it again: the move to make the National Bank of Ethiopia (NBE) “independent” is a poor decision for Ethiopia. No, it springs to life through the National Bank of Ethiopia, which exists precisely to serve the government’s monetary needs. Our economic challenges demand bold, pragmatic solutions, not the application of one-size-fits-all models from distant economies with vastly different realities. Yes, Mr. Prime Minister, why gamble with Ethiopia’s economic future?
