World Bank Urges Ethiopia to Devalue Birr to Boost Exports

Bloomberg By William Davison Ethiopia’s birr is overvalued and the country would benefit from a devaluation to boost export revenue and accelerate economic growth, the World Bank said. Reducing the currency’s value by 10 percent in real terms may lead to a 5 percent increase in stalled export earnings and a 2 percent increase in

The post World Bank Urges Ethiopia to Devalue Birr to Boost Exports appeared first on 6KILO.com.