Ethiopian economy – Page 6 – Gondaronline.com

IMF: Ethiopia Needs to Implement Structural Reforms to Sustain Growth

IB Times By Boby Michael Despite Ethiopia’s achieving robust economic growth, while keeping inflation below 10% and improving social indicators, the International Money Fund says the country must now replace its public sector-led growth strategy with a private investment-led model for sustainable growth. “The sustainability of the current public sector-led growth strategy was threatened by several

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Turkey outdoes China in terms of Ethiopia investment

World Bulletin / News Desk Despite China’s outstanding record of development assistance to Ethiopia, the Asian giant’s investments in the African state lack volume, a senior Ethiopian Investment Agency official has said. China has invested $836 million in Ethiopia over the past ten years, Debela Habte, a senior public relations expert at the agency told

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Ethiopia considers devaluing currency

eNCA By Africa Edition ETHIOPIA – Ethiopia says it’s considering the World Bank’s suggestion to devalue its currency, the Birr, but government says it want to minimise the impact on the wider economy. In July, the World Bank released its third economic report on Ethiopia and advised the country to devalue its currency. The

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World Bank Urges Ethiopia to Devalue Birr to Boost Exports

Bloomberg By William Davison Ethiopia’s birr is overvalued and the country would benefit from a devaluation to boost export revenue and accelerate economic growth, the World Bank said. Reducing the currency’s value by 10 percent in real terms may lead to a 5 percent increase in stalled export earnings and a 2 percent increase in

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Ethiopia approves 15% spending increase in 2014/2015 budget

Thomson Reuters By Aaron Maasho ADDIS ABABA, (Reuters) – Ethiopia’s parliament approved a 178.6 billion-birr ($9.2 billion) budget for 2014-2015 on Monday, a 15 percent rise from the previous year that will boost spending on education, health and road building. Strong state intervention has boosted the economy over the past decade and economic growth is

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Ethiopia approves 15% spending increase in 2014/2015 budget

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Ethiopia says expanding zones to become industrial hub

Reuters By Aaron Maasho Ethiopia will start setting up a new industrial park in September and will expand another at a total cost of $250 million, an official said, part of efforts to shift away from farming and become a hub for textiles and other industries. The Horn of Africa nation aims to attract investors

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Ethiopia: “I can’t eat GDP!”– Why Numbers don’t Matter!

By Fekadu Bekele Last February a one-day seminar was conducted by Heinrich Böll Stiftung, a foundation which is founded after the name of one of the legendary figures of peace movements during the 1970s and 80s, famous for his many critical works as a writer. The foundation intimately linked to the Green party, actively participating

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The paradox in the Ethiopian Economy

By Mastewal Dessalew It is a cliché from the Ethiopian government that the Ethiopian Economy has recorded a double digit growth in the past eight or nine years. Though there are many who questions the rate, the government is adamant to…