Ethiopia’s Economy Forecasted to Expand by 8.3 Percent
World Bank (WB) forecasted Ethiopia’s economy to expand by 8.3 percent in the year 2017. The report was released on June 5, 2017.
Ethiopia’s Economy to Grow 10.5 Percent in 2015/16: World Bank
Ethiopia’s economy is expected to grow by 10.5 percent in 2015/16 budget year, the World Bank said on May 22, 2015, adding inflation will remain in single digits in this period.
Ethiopia’s Economy to Maintain 11% Growth
The Ethiopian economy is expected to sustain an 11% growth in the current fiscal year according to Prime Minister Hailemariam Desalegn speaking to the Parliament yesterday.
The economy has grown at an average rate of 11% in the last few years and the government expects to maintain the growth rate in the current financial year said Hailemariam.
It is to be remembered that the International Monetary Fund revised its forecast of the growth rate of the Ethiopian economy from 5.5% to 7% last June. The IMF raised its growth forecast due to the slowing rates of inflation.
Ethiopia’s Eurobond Gains After Government Reports Tentative Restructuring Terms
Ethiopia’s eurobond traded higher on Monday after the government said it has tentatively agreed on key terms for a debt workout with private bond investors.
Ethiopia’s Eurobond Talks Collapse, Ministry of Finance
The Ministry of Finance has confirmed that negotiations with private creditors over Ethiopia’s USD 1 billion Eurobond, due in 2024, have collapsed without a deal, intensifying the country’s ongoing debt restructuring challenge under its IMF program.
