Ethiopia is a failed nation

[Georgesoros]

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The little money they accumulated was used to fight a civil war, now the bills are due and cant be paid.

https://finance.yahoo.com/news/ethiopia-fails-pay-coupon-becoming-152612647.html

[patel]

Ethiopia default good indicator on how African economies are struggling under heavy debt. Covid combined with wars recipe for disaster. More African countries will default including Kenya. 2024 will be a year of tears.

[sema]

Yes. Ethiopians and somali's are the same. They are almost genetically incapable of peace.

Ndii has said kenya won't default, but all I am hearing from my family members on the ground that things are just going from bad to worse and nothing is being done about corruption.  Those that can afford or able to leave kenya are leaving.

[RV Kirgit]

Ethiopia has done the right thing to default.

It's all paper money. Default paper money and defend people livelihood.

Ethiopia is joining bric and should get other debt relief.