IMF Omits Ethiopia in Growth Forecast

Oct 16 , 2021

The IMF has omitted Ethiopia in its latest GDP growth forecast, citing uncertainty. This is the first time the organisation has failed to include the country in the report it publishes biannually. Last year, the IMF initially projected the Ethiopian economy would not exhibit any growth before amending the figure to two percent. "For Ethiopia, projections for 2022–26 are omitted due to an unusually high degree of uncertainty," reads the World Economic Outlook document published last week. Experts caution the missing projection could further tarnish investors' outlook on the country. Neighbouring Kenya is expected to maintain an average GDP growth of close to six percent over the coming four years



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...