February 9, 2015
by Alemayehu G. Mariam
Ethiopia as “sovereign deadbeat” state due to debts incurred by the T-TPLF
In my last commentary, The World Bank and Ethiopia’s “Growth and Transformation”, I cryptically observed in passing, “… The USD$600 million is money the World Bank loaned to the Thugtatorship of the Tigrean Peoples Liberation Front (T-TPLF) in the name of the People of Ethiopia. Future generations of Ethiopians will be asked to pay it back. Will they be legally obligated to do so!?! Umm!)” Are the people of Ethiopia responsible for the World Bank’s “odious debt” to the T-TPLF?
An “odious debt” may be defined as an “illegitimate national debt incurred by a regime for purposes that do not serve the best interests of the nation and therefore should not be enforceable against the people of the debtor nation.”




