Ethiopia registers remarkable economic growth during the past six months: Finance Minister

Addis Ababa, January 24, 2024 (FBC) – Ethiopia has registered remarkable economic growth over the past six months enduring domestic and global challenges, the Finance Minister Ahmed Shide stated.

The Finance Minister said Ethiopia’s economy has withstood domestic and external pressures over the past six months and has seen better achievements in major development sectors.

The Central Committee of the Prosperity Party has also discussed major national issues and diverse party agendas and passed resolution accordingly.

The Central Committee has deliberated on the overall economic growth of the country over the past six months.

According to the Finance Minister Ahmad Shide, who is member of the party’s Executive Committee, stated that the homegrown economic reform the government has been implementing over the past years has contributed to the economic growth the nation achieved during the first half of the fiscal year.

He said that the growth the Ethiopia has registered in a row has witnessed better performance compared to many countries.

He also attributed the economic growth to policy documents he said devised in a way that has enabled the private sector to actively participate in the economy.

The implementation of the multisectoral approach strategy which helped the nation better utilize resources has also resulted in steady economic growth against all the odds resulted from the global economic shock.

The Minister added that better achievements have also been registered in areas of agriculture, industry, tourism and in the implementation of mega projects.