Africa-Press – Ethiopia. The policy direction and the massive economic reform undertaken by the Government of Ethiopia has been instrumental in positioning the country among the biggest economies in Africa, AUDA-NEPAD Economy, Infrastructure, Industrialization, Trade, and Regional Integration Director Amine Idriss Adoum said.
In an exclusive interview with ENA, the director noted that Ethiopia is among the top 10 biggest economies in Africa.
For him, Ethiopia’s recent economic achievement is the result of policy direction, massive investment in industrialization and infrastructure.
Implementation of the government’s policy by investing heavily in improving agricultural output and performance, increasing skills, competencies and capacity of farmers during the last years have been instrumental in registering success.
Highlighting the massive investment in industrialization, especially in economic zones, Amine Idriss Adoum noted that the garment industry has been extremely important.
According to the regional director, investment in infrastructures, which basically is investment in energy, energy sovereignty, and transportation, needs to move into a more sustainable and green economy.
He stated that the government is making a lot of efforts to greening the economy, greening the transportation, and making sure that the industrial sector itself becomes clean and green agriculture.
Regarding the opening up of the economy, Amine Idriss Adoum said it is extremely important to allow foreign investors in sectors that are traditionally only being led by national domestic investment.
The government’s move in this respect is extremely essential as it would make Ethiopia to become part of the global market, he noted.
Moving away from a government-led economy and toward a more private sector led economy controlled by the government in terms of policy direction is crucial, the regional director underscored.
“We need to balance between the private sector running the economy and the government giving direction because that is the only way you can reduce poverty.”
Businesses in Ethiopia will start to see more competition, he elaborated, adding that this will actually push them to be more competent and productive, which is extremely important.
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