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“It would be a gross simplification to say that Ethiopia will no longer seek Chinese overseas development finance. China and Ethiopia continue to enjoy robust trade and investment relations,” said Mamo, the prime minister’s senior adviser. But, he continued, “financing from the Word Bank and the IMF has an additional attraction of being concessional, long term and predictable without unduly distressing the public debt burden.” Irmgard Erasmus, a senior financial economist at NKC African Economics, a research company, said […]

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