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.
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.
The World Bank approved $407 million in assistance for Ethiopian local administrations to improve public services.
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.
Ethiopia’s annual inflation rate climbed to 34.7 percent in May as food prices surged, the Central Statistical Agency said.
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.
"I can't see it's sustainable short of discovering huge oil reserves, essentially an unexpected windfall."
- Ken Ohashi on Jun 08, 2011