Addis Ababa, June 18, 2018 (FBC) –Prime Minister Dr Abiy Ahmed today briefed members of the parliament (MP) on current affairs.
The economic, social, and political crisis occurred during the past two and three years adversely affected the economy of the country, said the Premier.
As a result, the economic growth slowed down to a single digit, he noted.
However, a reduced agricultural output caused by El Nino in the past revived in 2009 and 2010 E.C, the Premier indicated.
Broad efforts were made to improve the manufacturing sector; however, there is a lot of work ahead to achieve the target of making the industrial sector driver of the economy, PM Dr Abiy said.
The Premier stated that various measures will be taken to address foreign currency shortage in addition to boosting export performance.
According to the Premier, current foreign currency shortage is resulted from lower performance in export sector, which has grown by 0.02% this Ethiopian fiscal year compared to the preceding year.
He said efforts will be carried out to improve investment projects and control contraband trade to boost the sector.
The Premier further noted that works were underway to amend the justice system, widen the political space, and allow individuals and media enjoy freedom of speech.
He also called on media institutions to work responsibly.
Foreign countries-based Ethiopia political parties are coming to home by taking advantage of the favorable political space prevailed in the country, he said, further calling more to come and operate peacefully.
Regarding government’s recent decision to privatize state-owned enterprises, he said, the move is aimed to sustain economic growth, create more jobs, and reduce international debt, which currently stands at 24.7 billion US dollars.
Ethiopia paid 688.6 million US dollars debt in the first half of this fiscal year, he said.
Privatizing the telecom sector will also help improve quality of service by encouraging competition, he said, pledging to make necessary precautions during the privatization process.
Commenting on recent government’s decision to accept and implement the Algiers Agreement, the Premier said the decision is part of the government’s plan to avoid the standoff between Ethiopia and Eritrea as well as bring about development in the area.
The Premier also underscored the need for a new way out of the boundary-related problems being encountered in various parts of the country. Translated and posted by Amare Asrat
The economic, social, and political crisis occurred during the past two and three years adversely affected the economy of the country, said the Premier.
As a result, the economic growth slowed down to a single digit, he noted.
However, a reduced agricultural output caused by El Nino in the past revived in 2009 and 2010 E.C, the Premier indicated.
Broad efforts were made to improve the manufacturing sector; however, there is a lot of work ahead to achieve the target of making the industrial sector driver of the economy, PM Dr Abiy said.
The Premier stated that various measures will be taken to address foreign currency shortage in addition to boosting export performance.
According to the Premier, current foreign currency shortage is resulted from lower performance in export sector, which has grown by 0.02% this Ethiopian fiscal year compared to the preceding year.
He said efforts will be carried out to improve investment projects and control contraband trade to boost the sector.
The Premier further noted that works were underway to amend the justice system, widen the political space, and allow individuals and media enjoy freedom of speech.
He also called on media institutions to work responsibly.
Foreign countries-based Ethiopia political parties are coming to home by taking advantage of the favorable political space prevailed in the country, he said, further calling more to come and operate peacefully.
Regarding government’s recent decision to privatize state-owned enterprises, he said, the move is aimed to sustain economic growth, create more jobs, and reduce international debt, which currently stands at 24.7 billion US dollars.
Ethiopia paid 688.6 million US dollars debt in the first half of this fiscal year, he said.
Privatizing the telecom sector will also help improve quality of service by encouraging competition, he said, pledging to make necessary precautions during the privatization process.
Commenting on recent government’s decision to accept and implement the Algiers Agreement, the Premier said the decision is part of the government’s plan to avoid the standoff between Ethiopia and Eritrea as well as bring about development in the area.
The Premier also underscored the need for a new way out of the boundary-related problems being encountered in various parts of the country. Translated and posted by Amare Asrat
Addis Ababa, June 18, 2018 (FBC) –Prime Minister Dr Abiy Ahmed today briefed members of the parliament (MP) on current affairs.
The economic, social, and political crisis occurred during the past two and three years adversely affected the economy of the country, said the Premier.
As a result, the economic growth slowed down to a single digit, he noted.
However, a reduced agricultural output caused by El Nino in the past revived in 2009 and 2010 E.C, the Premier indicated.
Broad efforts were made to improve the manufacturing sector; however, there is a lot of work ahead to achieve the target of making the industrial sector driver of the economy, PM Dr Abiy said.
The Premier stated that various measures will be taken to address foreign currency shortage in addition to boosting export performance.
According to the Premier, current foreign currency shortage is resulted from lower performance in export sector, which has grown by 0.02% this Ethiopian fiscal year compared to the preceding year.
He said efforts will be carried out to improve investment projects and control contraband trade to boost the sector.
The Premier further noted that works were underway to amend the justice system, widen the political space, and allow individuals and media enjoy freedom of speech.
He also called on media institutions to work responsibly.
Foreign countries-based Ethiopia political parties are coming to home by taking advantage of the favorable political space prevailed in the country, he said, further calling more to come and operate peacefully.
Regarding government’s recent decision to privatize state-owned enterprises, he said, the move is aimed to sustain economic growth, create more jobs, and reduce international debt, which currently stands at 24.7 billion US dollars.
Ethiopia paid 688.6 million US dollars debt in the first half of this fiscal year, he said.
Privatizing the telecom sector will also help improve quality of service by encouraging competition, he said, pledging to make necessary precautions during the privatization process.
Commenting on recent government’s decision to accept and implement the Algiers Agreement, the Premier said the decision is part of the government’s plan to avoid the standoff between Ethiopia and Eritrea as well as bring about development in the area.
The Premier also underscored the need for a new way out of the boundary-related problems being encountered in various parts of the country. Translated and posted by Amare Asrat
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