Ethiopia Reports Reform Gains

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Ethiopia recorded major macroeconomic improvements following seven years of Home-Grown Economic Reforms, Finance Minister Ahmed Shide said at the Finance Forward Ethiopia conference. He cited stronger fiscal stability, higher revenues, and reduced deficits. Government revenue increased more than fourfold, tax revenue rose sharply, and $25 billion in external resources were mobilized. Officials said the reforms strengthened public institutions, supported inclusive growth, and stabilized the broader macroeconomic environment.