Ken Ohashi News
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Aeropostale Inc., the clothing chain for teens, is offering the biggest sales discount in America for private-equity firms seeking a deal at the mall.
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Ethiopia’s dependence on foreign capital to finance budget deficits and a five-year investment plan is unsustainable, said Ken Ohashi , the World Bank’s country director for the Horn of Africa nation.
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The World Bank approved $407 million in assistance for Ethiopian local administrations to improve public services.
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Ethiopia’s deputy prime minister, Hailemariam Desalegn , dismissed forecasts that economic growth would slow sharply this year and next and that monetary policy was pushing up inflation, saying growth may exceed 10 percent.
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Ethiopia’s annual inflation rate climbed to 34.7 percent in May as food prices surged, the Central Statistical Agency said.
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Major donors to Ethiopia may renew a probe into claims the government has used aid to silence the opposition after Human Rights Watch called on them to investigate its allegations further.
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