Macroeconomic imbalances, heavy debt burden, foreign-exchange shortages, and market instability were the main macroeconomic challenges that existed prior to the reform. As a result of the reform measures undertaken by the government to address these challenges, tangible outcomes are now being recorded. These reforms have enabled Ethiopia to become one of the fastest-growing countries in…
Institution building and readiness are core responsibilities of government. That is why we have taken deliberate and far-reaching measures to strengthen Ethiopia’s finance and economic institutions. This afternoon’s Finance Forward Ethiopia conference, which brings together the nation’s key public finance and financial-sector institutions, provides an important platform to reflect on our ongoing economic reform journey…
Prime Minister Abiy Ahmed is in attendance at the ‘Finance Forward Ethiopia’ conference, as six major institutions shaping the nation’s financial and revenue systems present and assess their performance to date, while unveiling their strategic priorities for the next five years. Over the past five years, Ethiopia has undertaken far-reaching macroeconomic reforms that have delivered…
January 6, 2018 The Federal Democratic Republic of Ethiopia’s Ministry of Finance and the World Bank have formalized an additional financing agreement totaling USD 250 million to advance the Urban Productive Safety Net and Jobs Project. This substantial funding underscores Ethiopia’s unwavering dedication to enhancing the economic resilience of vulnerable urban populations, with a specific…
Ethiopia is actively expanding and upgrading its road network to improve connectivity, boost trade, and support economic growth. Current initiatives focus on constructing new highways, rural roads, and urban streets, as well as modernising existing routes to reduce travel times, improve safety, and lower transportation costs. These efforts enhance access to schools, health services, and…
Because our environmental protection system is weak, we have been losing our soil which is very difficult to replace. It is promising that the environmental protection work that was started by the cooperation of the people and the government will be done like this before the rainy season approaches. Let the development of our natural…
Ethiopia’s Prosperity Vision Gaining Momentum: A Nation on Track to Become Africa’s Model of Success – Says Minister Enatalem Melese January 5, 2018 Ethiopia is making significant strides toward transforming its economic and developmental landscape, reaffirming its ambition to serve as Africa’s beacon of prosperity. Minister of Government Communication Services, Mrs. Enatalem Melese, highlighted the nation’s remarkable progress during a…
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January 3, 2018 Prime Minister Abiy Ahmed laid the cornerstone for BishoftuInternational Airport, marking the official start of Ethiopia’s largest aviation project today. This historic infrastructure project marks a decisive step toward positioning Ethiopia as Africa’s premier aviation hub, enhancing national connectivity, economic growth, and global aviation leadership. The project, valued at $12.5 billion, is the largest aviation…
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