Nine-month Performance Review Session Highlights Ethiopia’s Considerable Achievements

Addis Ababa, April 12, 2025 (ENA)— The nine-month performance review session for the 2017 E.C. has been officially commenced by Prime Minister Abiy Ahmed earlier today and highlighted major achievements during the stated period.

The session began with a macroeconomic presentation, which provided an overview of the impact of global economic trends on the local economy, as well as an update on the progress of ongoing macroeconomic reforms, according to Office of the Prime Minister.

It was highlighted that the global economy is projected to grow by 3.3 percent in 2025, with most regions, including sub-Saharan Africa, showing positive trends. Ethiopia’s growth is forecasted at 8.4 percent.

As a result of Ethiopia’s macroeconomic reform program aimed at fostering a stable macro environment, both savings and investments have shown an upward trajectory.

Accordingly, the external debt-to-GDP ratio has significantly declined, currently standing at 13.7 percent.

Furthermore, the introduction of a new foreign exchange regime has led to increased remittance inflows and a rise in foreign currency reserves, it was indicated.

Export earnings from agriculture, mining, industry, and electricity have all seen an increase compared to the same period last year, with the top five export earners comprising coffee, gold, pulses, oilseeds, flowers, and electricity.

The review also highlighted notable progress in key infrastructure and large-scale projects. The Grand Ethiopian Renaissance Dam (GERD), for instance, has reached 98.66 percent completion, with six units currently operational.

This morning’s presentation concluded with a review of sustainable development efforts, emphasizing inclusivity as a key performance indicator.

It also outlined initiatives aimed at creating an enabling environment for sustainable development.

“During the review, we will engage in meaningful discussions that will inform and shape our work plans for the upcoming three months,” the Prime Minister shared on his social media pages earlier today.

While we have achieved considerable success so far, this should serve as motivation—not complacency—to strive even harder and reach greater heights, the premier underscored.