ADDIS ABABA: Prime Minister Abiy Ahmed gathered the Council of Ministers today to assess the cabinet’s performance over the past 100 days, focusing on Ethiopia’s macroeconomic progress and pivotal parameters.
According to Ethiopian News Agency, the review covered global political and economic trends affecting Ethiopia, the impacts of ongoing reforms, and the status of key economic projects. The Office of the Prime Minister presented an optimistic economic growth rate of 8.45 percent forecasted for the coming year, attributing it to the positive outcomes of the country’s reforms.
The reforms are expected to yield inclusive and sustainable economic growth, with anticipated benefits including increased government revenue and investment, reduced government debt, enhanced competitiveness of state-owned enterprises, higher foreign exchange gains, a more competitive finance sector, and a favorable investment environment. Additionally, greater productivity across various sectors is projected.
Particularly, Ethiopi
a’s economic growth is predicted to accelerate in the manufacturing and construction industries, signaling a robust trajectory for these sectors.