Ethiopia: A $10 Billion Economic Reform Package

Adanech Abebie, minister of Revenues, has the toughest task cut out for her to boost domestic resources mobilisation to 20pc of the GDP for the economic reform programme the administration of Prime Minister Abiy Ahmed (PhD) rolled out last week at the UNECA. The reform is authored by a team of policymakers, including Yinager Dessie (far right), governor of the central bank.

If former Minister of Finance Sufian Ahmed had said the foreign exchange shortage is structural and will remain with Ethiopia for decades to come, that is precisely what Eyob Tekaleign (PhD), state minister for Finance, would want to see changed. The foreign exchange crunch should stop defining the Ethiopian economy, Eyob declared early on last week, standing before members of the international community, briefing them on the new economic reform agenda conveniently characterised as "homegrown".

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