The World Bank and the government are prioritizing this area to try and boost textiles exports. A new “cost-reflective” tariff will be introduced by 2023, although the World Bank wants “full cost recovery” by 2021, which is unrealistic. There’s no country that’s addressed destitution by copy-pasting World Bank- and IMF-inspired rules,” he says. One new face, Mamo a former World Bank official, is an arch-pragmatist, decrying sweeping ideological claims. Main photo: Prime Minister Meles Zenawi at the World Economic Forum on Africa in Addis Ababa; May 10, 2012; Wikimedia Commons.

Source: Ethiopian News June 10, 2019 11:15 UTC