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Council of Ministers Approves Key Economic and Legislative Measures


Council of Ministers Approves Key Economic and Legislative Measures

The Council of Ministers has approved the 2018–2022 Medium-Term Macroeconomic and Fiscal Framework, which will guide next year’s budget, focusing on strategic revenue generation and resource allocation. Two international financing agreements were also endorsed: a 49.55 million dollar loan from the Arab Bank for African Economic Development to support youth employment around agro-industrial parks, and a 45.1 million Special Drawing Right (SDR) loan from the International Development Association to improve healthcare services for women and girls. Both are aligned with the national debt management strategy and will be sent to parliament for ratification. In labour and regulatory matters, the Council ratified a new regulation setting service fees for foreign employment agencies, aiming to balance affordability with cost recovery. It also referred two draft proclamations to parliament: a revised foreign employment law to protect Ethiopian workers abroad, and a Plant Protection and Quarantine Proclamation to modernise pest control systems and align plant trade with global standards.

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Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

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Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

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