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The sale of Ethiopian investment bonds has increased rapidly in the world

#Ethiopia Economist Ato Zamedeneh Ngatu said that the number of Ethiopian 'Eurobond' buyers coming to Ethiopia in connection with the peace agreement between the federal government and the TPLF has increased once in the world.

He added that if the investment to rebuild war-ravaged areas is properly implemented, it will create great potential for the country's economic growth.

Ato Zemedeneh explained to EPD that the one billion dollar Eurobond, which Ethiopia borrowed from international investors to increase the flow of investors, had lost the interest of investors to go to the country due to the war. But since the day after the deal, the price has risen sharply.

Ato Zemedeneh said that Ethiopia is a country with a population of 120 million, most of whom are young people of productive age, and because of its air quality, it is the preferred country for investors. They announced that despite the black scar caused by the lack of peace on the flow of investors, it was able to rank among the countries that achieved good results in the flow of investors.

According to Ato Zemedeneh, war is not a choice of any Ethiopian, but because it is necessary; But there is nothing more gratifying than a peaceful end to the war that lasted for two years and destroyed irreplaceable human lives and badly damaged the country's economy.

In this sense, the economist pointed out that she was forced to spend a lot of money on the war, which was used for other development networks to save the country's existence; According to the peace agreement, if there is peace in the country, the resources used for war will be diverted to development, besides solving the economic and social problems of the people, the benefits for the economic growth of the country are very important.

Mr. Zemedeneh said that because of the war, billions of birr worth of infrastructures were destroyed, which may set back the country's economic growth. On the other hand, as a result of the agreement, billions of funds intended to be given to Ethiopia in the form of loans and aid can be released.

Ato Zemedeneh said that due to the US imposing sanctions to prevent Ethiopia from benefiting from the free market opportunity called Agowa, huge factories such as Hawasa Industrial Parks that export their products in large quantities and earn foreign currency have been severely affected. However, in a recent discussion with American investors, they said that if the peace of the country is restored, they will not only solve Agowan's problem, but also show interest in investing in Ethiopia.

According to Ato Zemedeneh's explanation; The problem of inflation and the cost of living caused by the corona epidemic and the Russia-Ukraine war is a global problem.

In Ethiopia, the problem is accentuated by the lack of foreign currency created in connection with the war.

After this, the pressure on Ethiopia by promoting the war will be reversed.