Radar | Dec 16,2023
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]
Radar | Dec 16,2023
Commentaries | Jul 07,2024
Editorial | Nov 18,2023
Viewpoints | Apr 15,2023
Editorial | Sep 24,2022
Commentaries | Jun 22,2019
Viewpoints | Oct 21,2023
Commentaries | Apr 25,2020
Radar | Mar 23,2024
Viewpoints | Mar 09,2024
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transportin...
Jul 13 , 2024 . By MUNIR SHEMSU
The cracks in Ethiopia's higher education system were laid bare during a synthesis re...
Jul 13 , 2024 . By AKSAH ITALO
Construction authorities have unveiled a price adjustment implementation manual for s...
Sep 8 , 2024
Prime Minister Abiy Ahmed's (PhD) visit to China last week could mark a watershed mom...
Sep 1 , 2024
Addis Abeba's skyline is being dramatically altered. Once characterised by unremarkab...
Aug 25 , 2024
It may appear distasteful, unappealing and cumbersome to sight. But, the Addis Abeba...
Aug 18 , 2024
The economy is in turmoil, and describing the situation as merely dire could be an un...
Loading your updates...