Projects & Project Management in Ethiopia Today

Project Management in Ethiopia amid the Global Financial Crisis

Globally, the economic and financial crisis is making life harder for more and more people. Many are loosing jobs, becoming homeless and loosing retirement holdings, as many more financial institutions are getting bankrupt. Stock markets are witnessing the plunge with historic declines of share values. The role of the state in the economy has increased with the coming into scene of multi-billion dollar stimulus plans, nationalizing toxic assets, injecting capital in bankrupt institutions, and restructuring financial regulations.

Continuous reports of different agencies are showing the grim situation of the state that we are in. Some even have gone far to portend that the crisis is a whistle to the end of neo-liberal capitalism. Increasing number of conferences, discussions, policy meetings, expert sessions, and academic gatherings are being held to brainstorm on the crisis.

Using the crisis as an influential moment, countries of the developing world (BRICs -Brazil, Russia, India, and China - being at the forefront) are asking for the re-structuring of the global economic and financial order as excerpts below show:

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