Tag: MoFEC
Liquidity crisis thwarts government budget
The Government of Ethiopia is said to be facing a liquidity crisis as the decline in export earnings and tax revenue reaches an alarming level and foreign borrowing comes to a squeaking halt due to the country's external debt stress, the Ministry of Finance and Economic Cooperation (MoFEC) admitted to the House of Peoples’ Representatives (HPR) on Thursday.
Private sector reproaches finance minister for preaching free market
Speaking on Ethiopian private sector development workshop, organized by the African Development Bank (AfDB) and FairFax Africa, Abraham Tekeste (PhD), Minister of Finance and...
Assela wind farm acquires financing
Ethiopia and Denmark have signed a loan agreement where the later will provide finance in order of USD 201 million for the construction of the Assela Wind Farm.
WB calls on gov’t to give attention to service sector
The World Bank Group (WBG) urged the Government of Ethiopia to give proper attention to the service sector of the country, especially to the distribution services, in its sixth Ethiopian Economic Update launched on Wednesday May 18, 2018, at the Hilton Addis Ababa.
Gov’t sets up public-private partnership directorate
Faced with an increasingly difficult external debt levels and hence difficulty to access foreign finance, Ministry of Finance and Economic Cooperation established a Public Private Partnership (PPP) Unit for the implementation of the recently passed PPP proclamation, The Reporter learnt.