#Ethiopia – Moody’s issues report, B1 (stable) rating supported by growth, prudent fiscus. Weak institutions remain constraint.

macroafricaintel

By Rafiq Raji, Ph.D.

Moody’s sees the Ethiopian economy growing by 10% on average over the next 2 years. Strong growth expectations are largely on the back of continued public investments. The second Growth and Transformation Plan (GTP II) due in June should provide insights on authorities’ plans. On the fiscal side, Moody’s notes the authorities’ prudence; with debt still mostly concessionary. State-owned enterprises’ (SOEs) debt burden – mostly commercial – colour this assessment to the downside, however. A significant portion of Ethiopia’s budget remains donor-funded. There are no significant risks in this regard. Moody’s notes as much. Institutional weaknesses remain constraining, however. Others are its still relatively small economy and low per capita income. Long-running FX shortages also weigh on the country’s momentum. Still, Ethiopia’s capacity to fulfill its debt obligations remain strong.

See link to press release by Moody’s https://m.moodys.com/mt/www.moodys.com/research/Moodys-Ethiopias-favourable-growth-prospects-and-low-debt-burden-support–PR_326617?un_jtt_redirect=un_jtt_iosV

View original post

Schools in the UK Are Now Asking Muslim Children to Fill Out “Counter-Extremism” Tests

Media Diversified

by Ananya Rao-Middleton

Over the past couple of days, this photograph of a questionnaire/survey given to primary school children in East London has been widely circulated on social media.

“Counter Extremism” survey administered to primary school pupils in London “Counter Extremism” survey administered to primary school pupils in London

Statement from the executive head teacher of Buxton school, which is one in a number of schools involved in the pilot programme funded by the European Commission (source: Twitter)

It has been described as a ‘counter-extremism’ survey, consisting of undeniably loaded questions aimed at discerning the religious, ethical and even patriotic beliefs of the children taking part. Worse still, it is evident that this survey is undoubtedly intended for Muslim children primarily, who will continue to undergo interrogation of this kind as part of the new legal obligations upheld by educational institutions, consisting of monitoring potential ‘extremists’, as dictated by the Counter-Terrorism and Security Bill that recently passed in parliament. This survey, and its wider implications of…

View original post 746 more words

The Time When YouTube Eliminated Pay Bias For Its Product Managers

Hunter Walk

If you haven’t checked out #TalkPay on Twitter, you should. People are tweeting about their salary histories. Not verifiable and not scientific, but part of the desire to help drive awareness and close pay gaps for the same jobs, whether between men and women, or Caucasians and other ethnicities.

At the heart of pay bias issues are the employers who, with short-term thinking, pay less to people when circumstances allow it. Maybe because someone isn’t as good a negotiator as their peers for example. I certainly don’t believe everyone doing the same job function should automatically be paid the same — gaps in wages based on objective measures of performance are part of a good compensation strategy — but during my years at Google I was exposed to the wages of dozens (maybe hundreds) of our product managers across all roles, seniority and performance levels. And I’ll tell you, even at…

View original post 383 more words