{"id":3756,"date":"2026-06-24T09:22:22","date_gmt":"2026-06-24T09:22:22","guid":{"rendered":"https:\/\/www.gcs.gov.et\/en\/?p=3756"},"modified":"2026-06-24T09:22:22","modified_gmt":"2026-06-24T09:22:22","slug":"the-world-is-watching-ethiopias-economic-transformation","status":"publish","type":"post","link":"https:\/\/www.gcs.gov.et\/en\/2026\/06\/24\/the-world-is-watching-ethiopias-economic-transformation\/","title":{"rendered":"The World is Watching Ethiopia\u2019s Economic Transformation"},"content":{"rendered":"\n<p>June 17, 2018<\/p>\n\n\n\n<p>During the opening of the Ethiopia Delivers National Summit yesterday, Prime Minister Abiy Ahmed described how structural reforms and digital initiatives like, Fayda are strengthening the economy and fostering citizen inclusion, while acknowledging that sustained effort is required to address ongoing challenges in household purchasing power.<\/p>\n\n\n\n<p>The Prime Minister highlighted landmark achievements, including the construction of the Grand Ethiopian Renaissance Dam and sweeping reforms designed to accelerate growth while laying strong foundations for future generations.<\/p>\n\n\n\n<p>Inflation, once above 30 percent, has sharply declined, even reaching single digits earlier this year. Exports are climbing toward historic levels, and the economy is projected to expand by 10.2 percent this fiscal year, the fastest growth rate on the continent.<\/p>\n\n\n\n<p>Prime Minister Abiy underscored that these outcomes are the result of deliberate, often difficult choices. He illustrated the human impact of reform through the story of a woman entrepreneur who, by enrolling in Ethiopia\u2019s national digital ID system, gained access to finance and formal recognition. \u201cShe didn\u2019t change. What changed was access,\u201d he noted, stressing that millions are now benefiting from new opportunities.<\/p>\n\n\n\n<p>The summit explored reforms strengthening macroeconomic stability, the role of productive cities, digital transformation, agriculture, mining, and infrastructure. Acknowledging that challenges remain, Prime Minister Abiy urged that nation\u2011building requires shared responsibility across government, markets, and communities.<\/p>\n\n\n\n<p>\u201cThe world is watching Ethiopia\u2019s transformation,\u201d he concluded. \u201cOur duty is clear, to expand opportunity, build lasting strong institutions, and leave the nation stronger than we found it.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.gcs.gov.et\/en\/wp-content\/uploads\/sites\/2\/2026\/06\/image-67-1024x683.png\" alt=\"\" class=\"wp-image-3757\" srcset=\"https:\/\/www.gcs.gov.et\/en\/wp-content\/uploads\/sites\/2\/2026\/06\/image-67-1024x683.png 1024w, https:\/\/www.gcs.gov.et\/en\/wp-content\/uploads\/sites\/2\/2026\/06\/image-67-300x200.png 300w, https:\/\/www.gcs.gov.et\/en\/wp-content\/uploads\/sites\/2\/2026\/06\/image-67-768x512.png 768w, https:\/\/www.gcs.gov.et\/en\/wp-content\/uploads\/sites\/2\/2026\/06\/image-67.png 1040w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>June 17, 2018 During the opening of the Ethiopia Delivers National Summit yesterday, Prime Minister Abiy Ahmed described how structural reforms and digital initiatives like, Fayda are strengthening the economy and fostering citizen inclusion, while acknowledging that sustained effort is required to address ongoing challenges in household purchasing power. The Prime Minister highlighted landmark achievements,&#8230;<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-3756","post","type-post","status-publish","format-standard","hentry","category-news_en"],"_links":{"self":[{"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/posts\/3756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/comments?post=3756"}],"version-history":[{"count":1,"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/posts\/3756\/revisions"}],"predecessor-version":[{"id":3758,"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/posts\/3756\/revisions\/3758"}],"wp:attachment":[{"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/media?parent=3756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/categories?post=3756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcs.gov.et\/en\/wp-json\/wp\/v2\/tags?post=3756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}