NAIROBI: Shortly after taking office, Prime Minister Abiy Ahmed promised a spectacular overhaul of Ethiopia’s tightly-controlled economy: reforms to spur growth, unshackle the country’s potential, and lift millions out of poverty.But three years on, with elections on June 21, Abiy’s agenda remains largely unrealised, and the country burdened with debt, the economic pain of the coronavirus, and a costly war in Tigray.“Things are worse now... The country is broke and on the verge of defaulting,“ said one European diplomat, who asked not to be named.One of Africa’s fastest-growing economies, Ethiopia took massive loans to fund some of its flashiest infrastructure projects, including a modern ra
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