Ethiopia needs to rebalance after investment boom – IMF Africa chief

Addis Ababa
Photo: Ninaras/Wikimedia

Ethiopia has made “fundamental progress” in developing its economy, but a boom in investment has come with growing imbalances, the International Monetary Fund’s Africa chief said on July 18.

In terms of GDP growth and several other development indicators, Ethiopia has been ahead of most of sub-Saharan Africa, Abebe Aemro Selassie said during remarks in Addis Ababa. Growth averaged 9.5% from 2010–18, compared with 5.9% across a group of similar economies in the region.

Selassie said Ethiopia

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