Ethiopia: New forecasts are optimistic, but we stay cautious

  • We did not host any meetings on Ethiopia, but it is notable the IMF published WEO forecasts after refraining in October

  • The numbers paint a fairly rosy picture – growth rises to 7% in the medium term and public debt's falling

  • But we stay cautious: the Common Framework restructuring is still stuck in the mud, peace is far away and reserves low
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