The Government Intensifying Efforts for Humanitarian Supplies, Service Restoration in Tigray
ENADec 17, 2022
The Commercial Bank of Ethiopia (CBE) announced on Monday it has resumed services in some towns in the war-torn Tigray region, which had been suspended for more than a year, following the peace deal struck between the federal government and Tigrayan rebels.
State-run CBE stated its branches in Shire, Alamata, and Korem have started accepting money sent from abroad and locally, adding that residents can now deposit their money. It has been said, however, that depositors are not allowed to withdraw money previously saved in the bank.
The resumption of banking services in Tigray is part of the federal government's efforts to rehabilitate the region and provide relief to the Ethiopians affected by the regional conflict. Addis Ababa has also delivered humanitarian aid, including food, fuel, and medical supplies, while engaging in reconstruction activities focused on electric transmission lines and telecommunications.
It's true that the federal government has allowed more food and medical supplies into Tigray since warring sides agreed to a permanent ceasefire, but the region still faces a shortage of humanitarian aid deliveries as the siege is not yet completely lifted. Addis Ababa is clearly weaponizing aid to undermine the Tigrayan authorities, a move that could reignite the conflict.
There's a 51% chance that Ethiopian PM Abiy Ahmed will experience a significant leadership disruption before 2025, according to the Metaculus prediction community.