ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Tuesday, June 24, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Business

World Bank Group Launches its 5th Economic Update for Ethiopia

The FINANCIAL by The FINANCIAL
December 6, 2016
in Business
Reading Time: 3 mins read
8
A A
0
IMF Executive Board Concludes 2017 Article IV Consultation with the Federal Democratic Republic of Ethiopia
Share on FacebookShare on Twitter

The FINANCIAL — Over the past decade, Ethiopia has been one of the fastest growing economies in the world with growth averaging 10.9%. Despite recently facing the worst drought in fifty years, Ethiopia has remarkably been able to maintain positive growth.

“Economic growth remained at a respectable 8% in 2015/16, which is impressive especially compared to previous drought situations which often resulted in economic contraction,” saidCarolyn Turk, World Bank Country Director for Ethiopia, Sudan and South Sudan.

According to the World Bank Groups’ 5th Ethiopia Economic Update launched today, growth momentum will still remain and since 2016 rains arrived as expected, the recent drought will not likely affect Ethiopia’s medium-term economic growth. In addition, the newly completed Addis Ababa-Djibouti railway line, significantly eases trade logistics related constraints. The government’s increased focus on new industrial parks (Hawassa and Bole-Lemi Phase II) and the increasing capacity in power generation along with the completion of transmission lines to neighboring countries (Sudan and Kenya) are also expected to improve export performance and stimulate growth in the short to medium-term. On the other hand, the potential negative economic effects of the current unrest could pose a risk to the outlook.

RelatedPosts

Valor Hospitality Partners announces two significant deals in West Africa,

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

Protected: Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Furthermore, the report which provides an in-depth view of Ethiopia’s’ labor market and identifies challenges and opportunities for making it more efficient, reveals that Ethiopia also managed to keep inflation under control. This in turn helps to avoid the erosion of the purchasing power of wages for workers of all levels of education, keep real wages stable and ensures that returns on education in urban labor markets are positive.

The report reveals that the performance of the export sector and the current account balance however have been weak. The chronic current account deficit (including official transfers) continued to deteriorate in 2014/15 reaching 12.2% of GDP due to the large imbalance in import and export of goods and services. The report identifies low volume, price effects and an appreciating real exchange rate, as the main reasons for the 3.7% export performance in 2015/16 which is the lowest in a decade.  

See also  Event Planning Company Party Lab Expands with Party Accessories Store

“Export of goods contracted significantly over the past two years owing to a weak external environment and a supply shock from the drought that meant foregone agriculture production to exports,” said Paloma Casero, Africa Director of the Global Practice for Macroeconomic and Fiscal Management of the World Bank. ”Moreover the overvalued currency limits Ethiopia’s export competitiveness and is a concern for the economy, especially with exports falling for three consecutive years.”

The report also identifies urban areas as key players in advancing structural change in Ethiopia, as centers of innovation and industrial development. Well-functioning and efficient urban labor markets are a key ingredient for this transformation to take place, and to ensure that its benefits reach all segments of the population. As unemployment in Ethiopia is by and large an urban phenomenon, increasing the efficiency of urban labor markets in Ethiopia is not only key for structural transformation but also for overall economic development.

The report which further analyzes the nature of urban labor markets in Ethiopia and identifies the various factors that contribute to curb their efficiency, provides five policy recommendations which could help make Ethiopia’s structural change more inclusive and contribute much more to poverty reduction.

According to the report, Ethiopia should encourage firm creation and growth that create jobs for non-graduates with a special focus on service and manufacturing sector growth, increase labor productivity in the low-skill segment by addressing constraints faced by firms in accessing capital (financial and physical) to ensure that the labor productivity increases and wages can rise, invest further in job and technical training programs to build the skills of those in the job market, both for low skilled workers and at higher levels of education in order to increase their productivity, introduce targeted urban safety nets and labor market programs to invest in skills of low-skilled employees and the unemployed and provide financial support to enable their job search, and enhance the use of ICT to provide information on job vacancies throughout Addis Ababa and reduce the cost of job search.

The 5th Ethiopia Economic Update- Why so idle?Wages and Employment in a Crowded Labor Market is the latest programmatic knowledge product prepared by the World Bank Group as a part of its economic policy dialogue with the Government of Ethiopia. 

 

Related Posts

Valor Hospitality Partners announces two significant deals in West Africa,
Business

Valor Hospitality Partners announces two significant deals in West Africa,

by The FINANCIAL
June 19, 2025
0

Cape Town, - Valor Hospitality Partners, a global leader in full-service hospitality solutions, today announced the signing of two new...

Read more
Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

June 19, 2025
Protected: Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

Protected: Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

June 19, 2025
Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

June 17, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Teaching porn literacy

A sizable percentage of internet porn users, roughly 40% are women

January 17, 2024
EasyJet to fly to London from Stockholm Arlanda

The London Diplomatic List, Addresses, Contacts & Working Hours

January 23, 2023
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
Teaching porn literacy

Teaching porn literacy

January 17, 2024
Emlyon business school and Ashoka France form a strategic partnership to train a new generation of entrepreneurs for change

Emlyon business school and Ashoka France form a strategic partnership to train a new generation of entrepreneurs for change

June 17, 2025
President of Ukraine. Stop Russia

Ukrainian President to make first visit to Council of Europe in Strasbourg amid escalating war in Ukraine

June 23, 2025
Energy Management in Facilities: Tools for Calculating Efficiency

Energy Management in Facilities: Tools for Calculating Efficiency

June 23, 2025
Levi Pettit Launches Dornick Wealth Management With a Personalized Approach to Client Relationships

Levi Pettit Launches Dornick Wealth Management With a Personalized Approach to Client Relationships

June 23, 2025
Osman Gunes Cizmeci on Apple’s Liquid Glass: Beautiful, But at What Cost?

Osman Gunes Cizmeci on Apple’s Liquid Glass: Beautiful, But at What Cost?

June 23, 2025
In the U.S. and abroad, more young adults are living with their parents

Why More Adults Are Reconsidering Old Habits in 2025

June 23, 2025
ADVERTISEMENT

Popular Last 24h

  • Teaching porn literacy

    A sizable percentage of internet porn users, roughly 40% are women

    322 shares
    Share 129 Tweet 81
  • Ampersand wins £22m five-year contract at London Zoo

    3712 shares
    Share 1485 Tweet 928
  • Osman Gunes Cizmeci on Apple’s Liquid Glass: Beautiful, But at What Cost?

    20 shares
    Share 8 Tweet 5
  • Levi Pettit Launches Dornick Wealth Management With a Personalized Approach to Client Relationships

    18 shares
    Share 7 Tweet 5
  • The London Diplomatic List, Addresses, Contacts & Working Hours

    3182 shares
    Share 1273 Tweet 796
  • Teaching porn literacy

    159 shares
    Share 64 Tweet 40
  • Ukrainian President to make first visit to Council of Europe in Strasbourg amid escalating war in Ukraine

    17 shares
    Share 7 Tweet 4

LATEST POSTS

President of Ukraine. Stop Russia

Ukrainian President to make first visit to Council of Europe in Strasbourg amid escalating war in Ukraine

June 23, 2025
Energy Management in Facilities: Tools for Calculating Efficiency

Energy Management in Facilities: Tools for Calculating Efficiency

June 23, 2025
Levi Pettit Launches Dornick Wealth Management With a Personalized Approach to Client Relationships

Levi Pettit Launches Dornick Wealth Management With a Personalized Approach to Client Relationships

June 23, 2025
Osman Gunes Cizmeci on Apple’s Liquid Glass: Beautiful, But at What Cost?

Osman Gunes Cizmeci on Apple’s Liquid Glass: Beautiful, But at What Cost?

June 23, 2025
In the U.S. and abroad, more young adults are living with their parents

Why More Adults Are Reconsidering Old Habits in 2025

June 23, 2025
CityBlue Hotels opens its first Beach Property in Kenya

CityBlue Hotels opens its first Beach Property in Kenya

June 19, 2025
65% of Europeans see EU membership as a good thing, the highest result since 2007 

The Enchantment of Ukrainian Women and Building Bridges through Luludate

June 19, 2025
Rewriting intelligence: How AI models are reshaping tomorrow

OPIT – Open Institute of Technology launches AI agent to support students and staff

June 19, 2025
Moldova: European Council endorses agreement on financial assistance

Republic of Moldova has improved measures to combat money laundering and terrorism financing

June 19, 2025
Valor Hospitality Partners announces two significant deals in West Africa,

Valor Hospitality Partners announces two significant deals in West Africa,

June 19, 2025

LATESTBUSINESS

Valor Hospitality Partners announces two significant deals in West Africa,

Valor Hospitality Partners announces two significant deals in West Africa,

by The FINANCIAL
June 19, 2025
0

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

Markets will drop quickly if US enters Israel-Iran conflict: deVere CEO

by The FINANCIAL
June 19, 2025
0

Protected: Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

Protected: Matthew H. Fleeger Drives Strategic Growth at Gulf Coast Western Through Technology Integration

by The FINANCIAL
June 19, 2025
0

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

Iconiq 777 Hosts Pathways to Apprenticeship Awards Ceremony in Newark

by The FINANCIAL
June 17, 2025
0

Tips for Remodeling on a Budget

Tips for Remodeling on a Budget

by The FINANCIAL
June 17, 2025
0

 ‘Why Did My Car Insurance Go Up for No Reason?’

Insurers boost private assets allocations as capital increases

by The FINANCIAL
June 17, 2025
0

Elite Lauches in Lebanon

U.S. Counts 1,873 Listed Billion-Dollar Companies, More Than the Next Eight Economies Combined

by The FINANCIAL
June 17, 2025
0

7 Digital Marketing Techniques for Business Owners in 2020

Lockton Surprasses $4 Billion in FY2025 revenue

by The FINANCIAL
June 16, 2025
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+995 558) 03 03 03 Email: marketing (at) finchannel.com

Whatsup: (+995 599) 96 52 52

Georgia:

(+995 599) 96 52 52 Email: editor (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.