In a dramatic departure from its longstanding economic policies, the National Bank of Ethiopia (NBE) has introduced sweeping reforms to its foreign exchange regime. The move, aimed at stimulating growth and attracting foreign investment, is expected to have far-reaching implications for the country's economy.
Ethiopia is expected to return to double digit economic growth this fiscal year, driven by a reform program supported by the International Monetary Fund (IMF) that has eased foreign exchange constraints, boosted exports, and improved macroeconomic stability.
Ethiopia’s Prime Minister Abiy Ahmed announced that Ethiopia’s economy is projected to grow by 9.2 percent for the 2011 Ethiopian fiscal year, 2018/19 G.C. The growth rate has shown a rise of 1.5 percent compared to last year.
Ethiopia has announced that it has denied the news on government’s plan to raise its Eurobond to USD 2 billion through a 10-year Eurobond by the end of 2015, The Daily Monitor reported.
Ethiopia has formulated a logistics master plan to enhance and strengthen its logistics system. A validation workshop for the first phase of the plan took place, where the State Minister of Transport and Logistics, Denge Boru, emphasized the importance of regular review and improvement of the logistics sector.
