Ethiopia among 15 countries registering economic growth

Addis Ababa, July 13 (WIC) - The Ethiopian International Institute for Peace and Development, in collaboration with the US Embassy, hosted a discussion forum on Monday, on different paths to economic growth and development.

Dr. Steve Radelt, Chief Economist at the U.S. Agency for International Development (USAID), noted that the world had witnessed an unprecedented growth in terms of economic development since in the last decade or so, though this had been offset to some degree by inflation in a number of countries.

He singled out some 15 countries as registering substantial growth, and identified Ethiopia as part of this great leap of economic growth.

Dr. Radelt also stressed that countries such as Ethiopia should give particular attention to sectors like agriculture, light manufacturing, infrastructure, education and macroeconomic stability among others in order to continue to keep up and achieve rapid economic growth.

Ethiopian International Institute for Peace and Development Director, Sebhat Nega, said that the workshop aimed to provide a bird’s eye view of the phenomena of global change in terms of economic growth, development and poverty reduction.