Beset by economic woes and worried by new disagreements with Somalia, Ethiopia's first days as a newly minted member of BRICS were anything but easy. "But Ethiopia will also significantly improve its relations with new partners, such as the BRICS countries, whose economies are growing quickly." Addis Ababa put the costs of reconstruction at $20 billion (€18 billion). Germany did not follow suit and continued to support Addis Ababa, which was greatly appreciated by Ethiopia. Financial support from BRICSOne of the founding ideas of the BRICS was to counter Western dominance in international financial policy.

Source: Ethiopian News January 16, 2024 17:01 UTC