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A series of successive droughts had already weakened Ethiopia's food situation, with "poor and erratic rainfall over the last two years." Global conditions such as the high food and fuel prices that have persisted in the country since 2008 and the global financial crisis have also contributed to Ethiopia's failing food security. [3]
An estimated eight million people receive food aid under the PSNP. The Ethiopian government hoped this would end food aid dependency for millions with three years. Agricultural development was at the heart of the program; implementing a food-for-work deal where Ethiopians would build wells or irrigation systems in exchange for food. [3]
On 1 August, the government ordered the shutdown of dozens of businesses due to surging prices of basic commodities in Addis Ababa. Addis Ababa City Trade Bureau spokesperson Sewnet Ayele said, "the businesses were caught making unreasonable price increases, mostly on food items. The stocks were imported before the new exchange rate."
The U.N. World Food Programme (WFP) has resumed distribution of food to roughly 900,000 refugees across Ethiopia after revamping safeguards and controls, following reports of large-scale theft of ...
The U.N. World Food Programme hopes to resume some food aid distribution in Ethiopia as soon as next month once it has received greater control over how beneficiaries are selected, a senior WFP ...
The United Nations World Food Programme (WFP) said on Friday it was suspending food aid in Ethiopia due to the widespread theft of donations, a day after the United States announced it was doing ...
The Ethiopia Commodity Exchange (ECX) is a commodities exchange established April 2008 in Ethiopia. In Proclamation 2007-550, which created the ECX, its stated objective was "to ensure the development of an efficient modern trading system" that would "protect the rights and benefits of sellers, buyers, intermediaries, and the general public." [1]
The U.S. and U.N. first halted food aid to Tigray in March, and in early June they extended the ban to the rest of Ethiopia, where over 20 million people rely on such assistance.