Africa-Press – Ethiopia. Prime Minister Abiy Ahmed said Ethiopia’s comprehensive economic reform is delivering broad-based gains across key sectors, enabling the country to target 10.2 percent economic growth in the current Ethiopian fiscal year.
Addressing the House of People’s Representatives today, the Prime Minister underscored that the nation’s economy is experiencing tangible and sustained growth, driven by bold and far-reaching reform measures designed to stabilize the macroeconomy, enhance the quality of growth, and ease the national debt burden.
According to Prime Minister Abiy, the reform agenda has recorded substantial achievements in all spheres of national development.
For him, Ethiopia is one of the countries that have achieved leading economic growth without having oil resources.
Based on a review of the growth performance over the past six months of the current fiscal year, the plan has been revised to project that Ethiopia will record 10.2 percent growth by the end of the year.
This forecast is closely aligned with the projection of the International Monetary Fund.
Central to these gains has been a strong emphasis on technology, particularly artificial intelligence—and early childhood education.
He further highlighted both areas as standout success stories, noting that long-term development can only be sustained through robust skills development and human capital investment.
The Prime Minister also cited mega infrastructure development that are being executed including corridor development and climate-resilient economic growth as major pillars of progress.
What began as a modest initiative has now expanded nationwide, reshaping urban and economic landscapes across the country.
Complementing this effort, Ethiopia’s Green Legacy Initiative has earned international recognition, emerging as a model for environmental stewardship across Africa and beyond.
Turning to fiscal year projections, Prime Minister Abiy revealed that Ethiopia has revised its growth target upward—from an initial 9.2 percent to 10.2 percent—following a review aligned with International Monetary Fund projections, which estimate growth at 9.3 percent.
The adjustment reflects confidence in the country’s economic momentum and reform trajectory.
The financial sector, too, has undergone significant transformation, with progressive and comprehensive reforms driving notable improvements and reinforcing broader economic gains, the Prime Minister said.
Looking ahead, Prime Minister Abiy noted that five of the world’s ten fastest-growing economies in 2025 are expected to be African nations, a powerful indication, he emphasized, of the continent’s vast and growing potential for economic expansion in the years to come.
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