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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] The Third Five-Year Plan (1968–1973) also sought to facilitate Ethiopia's economic well-being by raising manufacturing and agro-industrial performance. [41]
The Ministry of Finance and Economic Development is an Ethiopian government department. It is responsible for general financial management and economic policy of Ethiopia , in addition to the allocation of economic assistance.
3 January – Sudan, Egypt, and Ethiopia agree to hold further talks this month to resolve their dispute over the Grand Ethiopian Renaissance Dam on the Blue Nile. [1]5 January – The government promises to repair the centuries-old Al Nejashi Mosque and the Orthodox Christian of Saint Emmanuel in Wukro that were damaged in December 2020 during the Tigray conflict in the Tigray conflict.
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Woman tries to sell tomatoes and onions on an almost empty market in Hawzen on 6 June 2021. Ethiopia had an average inflation rate of 26% in 2021 and 30% in 2022, something that was largely driven by a rise in food prices; [27] in February 2023, the overall inflation rate reached 32%, [28] and Ethiopia continued to experience high inflation by ...
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 Prosperity Party has been seen as supporting Ethiopian civic nationalism due to the merger of the Oromo Democratic Party with the Amhara Democratic Party, Argoba People's Democratic Organization, Benishangul-Gumuz People's Democratic Unity Front, Ethiopian Somali People's Democratic Party, Gambela People's Democratic Movement, Afar National Democratic Party, Hareri National League, and the ...
In 2015, the World Bank highlighted that Ethiopia had witnessed rapid economic growth with real domestic product (GDP) growth averaging 10.9% between 2004 and 2014. [240] In 2008 and 2011, Ethiopia's growth performance and considerable development gains were challenged by high inflation and a difficult balance of payments situation.