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Africa’s two most populous economies brave tough reforms 

by Euro Times
August 8, 2024
in Finance
Reading Time: 1 min read
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When instances are powerful, politicians attain for metaphors. In Ethiopia, which floated its forex and entered a $3.4bn IMF programme on July twenty ninth, the prime minister Abiy Ahmed (pictured) in contrast reform to “the ache of surgical procedure, endured for therapeutic”. In Nigeria Bola Tinubu, the president, has defended two devaluations, saying the previous system was “a noose across the financial jugular of our nation”. Each need to head in direction of orthodox coverage, nonetheless a lot it hurts.



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