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 young shoe shiner goes door to door, offering his services around the Stadium area. It is common in the capital to see young rural migrants engaged in physical labour, scraping change to send home. CHR Michelsen Institute (CMI) estimates that one out of three rural households has at least one family member migrating to cities. Extreme poverty and lack of access to farmland force many to look for better prospects in the city. Upward income mobility has remained stagnant over the last five years...



A carriage around the Ayat area delivers water, as homes rarely access tap water in the area. Ethiopia has nine major rivers, and twelve big lakes, often called the water tower of Africa. However, UNICEF estimates that up to 80pc of communicable diseases in Ethiopia are due to a lack of access to safe water and sanitation. The second most populous country in Sub-Saharan Africa has the highest percentage of the population without access to potable water at 60pc, while the average daily consumptio...



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