Contents tagged with Ethiopia

  • Russia to write off yet another African country’s debt

    Russia is continuing the Soviet practice of providing cash injections to regimes in African, Latin American and Central Asian countries that are loyal to the Kremlin.

    After writing off debt to Cuba, Kyrgyzstan, Tanzania and Mozambique, and providing mass assistance to Venezuela, which according to Reuters is in the region of $17 billion, Russia is preparing to forgive the debt of yet another African country.

    Moscow is close to resolving the matter of Ethiopia’s remaining debt, Russian …

  • Russia falls behind Ethiopia in adult survival rate

    In Russia, the proportion of 15 year-olds who are expected to reach 60 years of age is lower than in Kazakhstan, India, Mongolia and Ethiopia, according to estimates by the World Bank. For the first time, the World Bank released a Human Capital Index (HCI) which attempts to “measure the amount of human capital that a child born today can expect to attain by age 18”.

    One of the index’s components is the adult survival rate, and for this indicator Russia ranks 122 out of 157 countries. The …

  • Russia to write off Ethiopia's $160 million debt

    The Prime Minister of Ethiopia, Tedros Adhanom, during an interview with Interfax, indicated that Russia has agreed to write off Ethiopia’s $160 million debt.

    “During negotiations with Russian Foreign Minister Sergey Lavrov this week in Moscow, it was agreed that Ethiopia’s $160 million debt will be cancelled. We agreed that these resources will best be used towards the ‘Debts in Exchange for Development’ project in Ethiopia involving Russian companies,” the Prime Minister explained. …