Ethiopia is planning to seek a credit rating to attract more foreign investment and to balance the decline in exports, Bloomberg reported.
The Ethiopian government will pick rating companies in the coming weeks to assess the level of risk involved with investing in the country, Finance Minister Sufian Ahmed said in an interview with Bloomberg yesterday in Addis Ababa.
When the tree planting effort concluded yesterday, officials announced Ethiopians have much surpassed the originally planned amount of planting 200 million trees: the number of trees planted in twelve hours is well over 350 million.
Ethiopia has closed its borders and allocated $153.4 million (5 billion birr) as it braces to tackle the spread of COVID-19. As of today, Ethiopia has announced 12 confirmed cases of the coronavirus pandemic.
Ethiopia has established an independent private sector advisory council, hoping to elevate the involvement of the private sector in the economy. The council has twelve members.
Ethiopia has launched a national resource mobilization committee tasked with coordinating efforts of gathering financial and non-financial materials for COVID-19 emergency preparedness, the Office of the Prime Minister of Ethiopia announced in a tweet.
In the tweet, the Office of the Prime Minister noted: "such periods require the effort and contribution of each individual," highlighting the need for collective and concerted efforts to help one another in times of great need as the way to overcome.
Members of the national committee have donated their one-month salary to the national COVID-19 resource pool, it was learned.
As per the Prime Minister's directive, 184 of the Office of the Prime Minister Office's 289 staff will work from home for the coming two weeks.
Source (Including Image): Office of the Prime Minister - Ethiopia (Twitter)
