IMF team concludes Article IV mission to Ethiopia impressed by rapid growth

Tigrai Online, June 19, 2015

International Monetary Fund (IMF) team leader Andrea Richter Hume meets Ethiopian Prime Minister Hailemariam Desalegn in Addis Ababa.

In a press release posted on its website on June 19, 2015 the International Monetary Fund - IMF highly praised Ethiopia's economic development and rapid growth. The IMF team vested Ethiopia in the first half of June and stayed in the country for two weeks. While in Ethiopia, International Monetary Fund team led by Andrea Richter Hume visited Addis Ababa to conduct discussions for the 2015 Article IV Consultation with Ethiopia.

"Ethiopia’s state-led development model has delivered rapid and broad-based growth over many years. It has also reduced poverty significantly, while keeping inequality low. The outlook for Ethiopia remains highly favorable, reflecting its significant economic potential and productivity-enhancing investments and reforms. Ethiopia’s growth has so far been driven in large part by public investment" the team's leader Ms. Richter Hume said in a statement.

The best witnesses for the Ethiopian miraculous development and growth are the people of Ethiopia who are directly benefiting from it. The western world institutions like IMF and the World Bank heavily biased as they are, their reports are credible. They also set the world’s economic agenda and control the international financial resources.

“The team met with Prime Minister Hailemariam Desalegn, Governor of the National Bank of Ethiopia Teklewold Atnafu, Minister of Finance and Economic Development Sufian Ahmed, State Minister of Finance and Economic Development Abraham Tekeste, Economic Advisor to the Prime Minister Newai Gebre-ab, other senior officials, and representatives of the private sector, the international community, and civil society" the statement added.

All the positive statements coming from all corners of the world and Ethiopia itself affirms the economic police of the Ethiopian government is working.

Source: IMF - http://www.imf.org/external/np/sec/pr/2015/pr15286.htm