Thursday, February 22, 2024
NewsPM touts progress in economy as lawmakers demand more

PM touts progress in economy as lawmakers demand more

Ethiopia’s Prime Minister Abiy Ahmed (PhD) has defended his administration’s economic record in the face of questions from lawmakers.

Addressing parliament, Abiy responded to questions from legislators on issues of debt management, inflation, and economic growth.

He said Ethiopia’s debt to GDP ratio had declined significantly from 59 percent to 38 percent in the last four years while food inflation had eased from 43 percent last year in May to 28 percent last month.

These achievements show we are on the right track despite challenges like conflict and inflation, Abiy told parliament.

The prime minister argued that Ethiopia had continued to meet its debt obligations on time while successfully reining in inflation.

- Advertisement -

“We have not defaulted on any external loan despite war and inflationary pressure,” he added.

- Advertisement -

Video from Enat Bank Youtube Channel.

Subscribe

- Advertisement -

Popular

More like this
Related

Stepping up the commitment to the AU

As the two-day 37th Ordinary Session of the Assembly...

Self-taught and determined: Rophnan carves unique path with dual album release

Rophnan Nuri is among the brightest of a handful...

Another year, another summit. Can the AU live up to expectations?

It is the time of year when Addis Ababa...

Africa will face USD3.3 trillion finance deficit in next decade: AU development arm

Africa must step up its resource mobilization efforts if...