Africa-Press – Ethiopia. The National Macroeconomic Committee has reviewed the current economic situation of Ethiopia in detail under the chairmanship of Prime Minister Abiy Ahmed.
The committee pointed out during the meeting that Ethiopia’s economy is resilient and capable of withstanding pressure.
It has also set direction to use domesticcapacity to enhance the economy.
Moreover, direction has also been set tofurther strengthen the ongoing works to solve problems facing the economy.
During its evaluation of the economy, theNational Macroeconomic Committee noted that the reforms carried out in the pastfew years have made the Ethiopian economy resilient.
Finance Minister Ahmed Shide said thatEthiopia’s economy has gone through several reform processes to cope withdomestic and global economic pressures.
This has not only made the economy strong,but also enabled it to progress, he added.
According to him, the macroeconomiccommittee has in its review concluded that the reform works undertaken wereeffective.
Ahmed Shide further pointed out that thecommittee has stressed the need for proper usage of domestic potential as thebasis for development and to further strengthen the relations with developmentpartners.
Finance State Minster, Eyob Tekalegn saidon his part that the committee has stressed the need to focus on internalcapacity to sustain the economic growth of the country.
Stating that Ethiopia has a highpotential, he stated that the macroeconomic committee set direction to focusmore on exploiting this potential.
The macroeconomic committee has alsoassessed the obstacles the economy has been facing.
Economic sabotage, corruption and hidingproduces were pointed out as the major challenges.
To alleviate the problems, the committeehas set direction, it was learned.
The macroeconomiccommittee is the central organ that coordinates economic policy making withinthe government. It has 10 members, including the Governor of the NationalBank of Ethiopia, ministers of Finance, Planning, and Revenues, as well assenior economic advisers.
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