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In late 1990s, the Office for Revision of Addis Ababa's Master Plan (ORAAMP) and National Urban Planning Institute (NUPI) were launched to analyze the economic status of the city. The city covered 29% of Ethiopia's GDP (59.5 Billions $ in 2024) and 20% of national urban development as of 2022. Commercial Bank of Ethiopia in Addis Ababa
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
Bags of wheat from Ukraine sent to Ethiopia, March 2023. In 2020, Russia and Ukraine accounted for a combined total of 81% of Ethiopia's wheat imports (66% being imported from the former and 15% from the latter); [81] in June 2022, roughly 42% of Ethiopia's grain was imported from these two countries (15% from Russia and 27% from Ukraine). [82]
It is responsible for general financial management and economic policy of Ethiopia, in addition to the allocation of economic assistance. Formerly the Ministry of Finance, it has its origins in the ministerial system introduced by Emperor Menelik II in 1907.
The Ministry of Finance and Economic Development published the Growth and Transformation Plan online. Ethiopia started the Poverty Reduction Strategy Paper process in 2000, and by 2002 had issued the first three-year Sustainable Development Poverty Reduction Programme (SDPRP), which covered 2002–2005. Under the umbrella of the Development ...
Due to the lack of progress in reducing the rate of poverty in Ethiopia, a map of marginality was created for the region to survey the state of poverty. [4] In Marginality as a Root Cause of Poverty: Identifying Marginality Hotspots in Ethiopia, Gatzweiler defines marginality as "an involuntary position and condition of an individual or group at the margins of social, political, economic ...
Ethiopia is also a significant market for Chinese exports that will expand as Ethiopia's rapid economic growth continues. For Ethiopia, Chinese finance provides critical support for the government's legitimacy, as electricity, transport, and employment opportunities continue to expand, stimulating economic growth and helping promote exports to ...
Ethiopia, [c] officially the Federal Democratic Republic of Ethiopia, is a landlocked country located in the Horn of Africa region of East Africa.It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east, Kenya to the south, South Sudan to the west, and Sudan to the northwest.