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In late 1990s, the Office for Revision of Addis Ababa's Master Plan (ORAAMP) and National Urban Planning Institute (NUPI) were launched to analyze the economic status of the city. The city covered 29% of Ethiopia's GDP (59.5 Billions $ in 2024) and 20% of national urban development as of 2022. Commercial Bank of Ethiopia in Addis Ababa
The First Five-Year Plan (1957–1961) sought to develop strong infrastructure, particularly in transportation, construction, and communications, to link isolated regions. [41] The Second Five-Year Plan (1962–1967) signaled the start of a 20-year program to change Ethiopia's predominantly agricultural economy to an agro-industrial one. [41]
Ethiopia, officially the Federal Democratic Republic of Ethiopia, is a landlocked country located in the Horn of Africa region of East Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east, Kenya to the south, South Sudan to the west, and Sudan to the northwest. Ethiopia covers a land area of ...
The second five-year plan (1962-67) began a 20-year program to change Ethiopia's predominantly agricultural economy to an agro-industrial one. [1] The plan's objectives included diversification of production, introduction of modern processing methods, and expansion of the economy's productive capacity to increase the country's growth rate. [1]
Ethiopia is a strategic partner of the United States in the Global War on Terrorism. The United States is the largest donor to Ethiopia: in 2008 U.S. foreign aid to Ethiopia totaled US$969 million, in 2009 $916 million, with 2010 estimated at $513 million and $586 million requested for 2011. [1]
The Growth and Transformation Plan (GTP) was a national five-year plan created by the Ethiopian government to improve the country's economy by achieving a projected gross domestic product (GDP) growth of 11-15% per year from 2010 to 2015. The plan included details of the cost (estimated at US$75–79 billion over the five years) and specific ...