This family met after a long time!

Grand Ethiopian Renaissance Dam reaches 98.66 percent completion, six units operational − Office of the Prime Minister

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Prime Minister Abiy Ahmed has begun a nine-month performance review of 2017.

The review also looked at the performance of major infrastructure and other major projects; for example, the Grand Ethiopian Renaissance Dam reached 98.66 percent completion, and six units were operational.

The program began by reviewing macroeconomic performance; an overview of the impact of global economic trends on the domestic economy, as well as an update on ongoing macroeconomic reform measures, was reported.

The global economy is projected to grow by 3.3 percent in 2025, with most of the world, including sub-Saharan Africa, recording positive growth. Ethiopia’s economy is projected to grow by 8.4 percent.

In this regard, Ethiopia’s macroeconomic reform program has been stable, with savings and investment growth.

The external debt-to-GDP ratio has declined significantly to 13.7 percent; in addition, the introduction of a new foreign exchange regime has increased foreign exchange reserves, increasing foreign exchange exports.

Compared to the same period last year, foreign trade revenues from agriculture, mining, industry and electricity have also increased, with coffee, gold, pulses, oilseeds, flowers and electricity being the top five export commodities.

The review also looked at the implementation of major infrastructure and other major projects; for example, the Grand Ethiopian Renaissance Dam (GERD) has reached 98.66 percent completion and six units are operational.

This morning’s review concluded by highlighting sustainable development efforts, particularly inclusiveness, as a key success factor. The Prime Minister’s Office also provided information on the work that will create an enabling environment for sustainable development.