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- W2022678283 abstract "ABSTRACT This paper reviews the status of Ethiopia's external debt, identifies the conditions that led to its growth, and suggests means to reduce it. More specifically, the paper examines the conditions under which the objectives of reducing poverty in Ethiopia can be achieved. Not only is the country's debt unsustainable, but also, even though forge amounts of debt relief were allowed, they will not be sufficient for the country to fulfill its responsibility toward global poverty reduction goals. Assuming there's no change in income distribution, Ethiopia would have to increase its GDP by more than 8% a year over the next twenty years to allow the country to meet internationally agreed poverty reduction targets. Complete debt forgiveness, accompanied by additional resource inflows will be necessary if an attempt is to be made to meet that objective." @default.
- W2022678283 created "2016-06-24" @default.
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- W2022678283 date "2001-01-01" @default.
- W2022678283 modified "2023-09-26" @default.
- W2022678283 title "Ethiopia's External Debt: The Impact and the Way Forward" @default.
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- W2022678283 doi "https://doi.org/10.1080/02255189.2001.9668820" @default.
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