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Africa Must Say 'No' to Western Aid & Loans That Bring No Actual Assistance: Ethiopian Economic Expert

Africa Must Say 'No' to Western Aid & Loans That Bring No Actual Assistance: Ethiopian Economic Expert

Sputnik Africa

Africa Must Say 'No' to Western Aid & Loans That Bring No Actual Assistance: Ethiopian Economic ExpertThe dependence on the World Bank, the IMF, and other... 15.09.2026, Sputnik Africa

2026-09-15T17:01+0200

2026-09-15T17:01+0200

2026-09-15T17:04+0200

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Africa Must Say 'No' to Western Aid & Loans That Bring No Actual Assistance: Ethiopian Economic ExpertThe dependence on the World Bank, the IMF, and other Western institutions and countries should be stopped, Dr. Leta Sera, associate professor of economics at Jimma University, told Sputnik Africa."Aid might seem beneficial, but apart from creating dependency, exacerbating corruption, and severely worsening inflation, it brings no real benefit to society." The West comes up with these things "to achieve their own various agendas," the expert added. African leaders should take the decisions in countries like Burkina Faso as a positive example, he emphasized. Subscribe to @sputnik_africa Sputnik Africa | X

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