Ethiopia’s Macroeconomic Reform Yielding Outstanding Achievements: PM Abiy

Addis Ababa, July 3, 2025 (ENA) -- The ongoing macroeconomic reform is yielding impressive achievements in Ethiopia, Prime Minister Abiy Ahmed said.

The premier made this statement today in his response to inquiries posed by members of the House of People’s Representatives.

During the occasion, Abiy stated that this year marks a period of renewal where reforms have begun to bear fruit.

He noted that Ethiopia has registered remarkable achievements, securing significant victories and unprecedented outcomes in the nation’s history.

He applauded both members of parliament and the Ethiopian people for their contributions to this success.

Prime Minister Abiy emphasized that macroeconomic fractures are among the key issues that have led to the need for macroeconomic reform. He explained these fractures in terms of unemployment, inflation, and trade imbalance.

Abiy said one of the challenges that compelled Ethiopia to undertake macroeconomic reform is the presence of macroeconomic imbalances, which can be attributed to factors such as unemployment, inflation, and trade deficits.

Additionally, he added that the business climate for the private sector was not favorable noting the productivity levels in both agriculture and industries within the country were restricted. The nation has also failed to establish a competitive economic landscape.

Hence, Abiy said the country initiated actions with the conviction that by tackling these issues to rectify the macroeconomic imbalances.

The reform has been yielding impressive results in all key economic sectors.

Touching on agriculture, the Prime Minister stressed that it remains the backbone of the Ethiopian economy and the mainstay of export earnings.

A significant number of Ethiopians are directly or indirectly involved in the sector, giving it strategic importance. He added that agriculture is projected to grow by 6.1 percent this year.

He reaffirmed that Ethiopia, having given special attention to the agricultural sector, must achieve food sovereignty.

All key economic sectors including industry and service have been registering impressive performances.