Fine Print, Fractured Sovereignty: How Western Loan Conditions Are Reshaping Ethiopia's Policy Landscape
Behind the headline figures of Western development finance lies a more consequential story: the conditionality clauses embedded in loans from the IMF, World Bank, and bilateral creditors that quietly constrain what Ethiopian policymakers are permitted to prioritize. As the US reconsiders its engagement strategy in the Horn of Africa, understanding how loan architecture functions as a form of governance is no longer optional—it is essential.