On August 28, 2019, the Ministry of Finance, in a grand ceremony held at the Sheraton Addis, announced the blue print of the ‘Home Grown Economic Reform Agenda’, aiming at correcting macroeconomic woes. The Agenda outlines macroeconomic, structural and sectoral reforms that will pave the way for improved job creation, poverty reduction, and inclusive growth, according to Eyob Tekalign (PhD), State Minister of Finance (Left).

Correcting emerging macroeconomic imbalances, easing structural bottlenecks, and creating new opportunities as well as sources of growth are the rationales behind the setting up of the economic reform agenda. Demeke Mekonnen, Deputy Prime Minister of Ethiopia (Right), while opening the launching ceremony along with Ahmed Shide, Minister of Finance (Middle), said that it is crucial to introduce a home-grown economic reform in order to address the bottlenecks of the economy through the participation of the citizens, ensuring they benefit from the growth and development.

The new agenda rests mainly on three pillars; macroeconomic, structural and sectoral reforms of the economy. Among the priorities of the agenda are; averting flaws in the financial sector, strengthening the public sector, focusing on key and potential sectors such as agriculture, manufacturing, mining, tourism and ICT. The reform also aims at upgrading polices and institutional frameworks to take the success achieved by the country to the next level.

8th Year • Sep.16 - Oct.15 2019 • No. 78


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