Viewpoints | Oct 12,2019
Finance Minister Ahmed Shide inked a comprehensive 13-article agreement with the Development Partners Group (DPG), a coalition of donors led by the United Nations and the United Kingdom. The rite, held at the Sheraton Addis Hotel, on Taitu St., was also attended by state ministers Eyob Tekalegn (PhD) and Semerta Sewasew, alongside the Minister of Planning & Development, Fitsum Assefa (PhD). The pact outlines a peculiar set of concessions, and a series of commitments to capitalise on the peace dividends stemming from the Cessation of Hostilities Agreement signed between the Federal government and the TPLF, with a keen eye on addressing the lingering insecurity and instability within the Oromia and Amhara regional states.
However, the core of the agreement anchored on ambitious economic policy objectives intricately woven into the broader framework of peace and stability. In a significant nod to ongoing dialogues with global financial institutions such as the IMF and the World Bank, as well as the G20 credit committee, Ethiopia has positioned itself to embark on a "major package of economic reform." This includes substantial debt relief and external financing, underlining the depth of the commitment to overhaul the economy. Pledges were made to promote a transition towards a more open, market-oriented, and private sector-led economy within the forthcoming 12 months. The mutual accountability pact, signed with the DPG representatives, Ramiz Alakbarov and Paul Walters, signifies the pressure on the federal government to undertake profound economic shifts and reveals the critical role of international cooperation.
PUBLISHED ON
Mar 16,2024 [ VOL
24 , NO
1246]
Viewpoints | Oct 12,2019
Commentaries | Apr 06,2019
Fortune News | Jun 12,2021
Viewpoints | Aug 09,2025
Editorial | Apr 11,2020
Fortune News | Jul 13,2025
My Opinion | Jun 20,2020
Commentaries | Mar 19,2022
Radar | May 13,2023
Verbatim | Feb 15,2020
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Sep 13 , 2025
At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the f...
Sep 6 , 2025
The dawn of a new year is more than a simple turning of the calendar. It is a moment...
Aug 30 , 2025
For Germans, Otto von Bismarck is first remembered as the architect of a unified nati...
Aug 23 , 2025
Banks have a new obsession. After decades chasing deposits and, more recently, digita...
Loading your updates...