Public Management

Ethiopia: Poverty rate expected to drop to 19% over the next ten years

Ethiopia: Poverty rate expected to drop to 19% over the next ten years
Tuesday, 10 March 2020 15:04

The government of Ethiopia is seeking to drop the poverty rate in the country to 19% of the total population over the next ten years. The information was reported by Fitsum Assefa Adela (pictured), the Minister for Planning and Development.

In an interview with the Ethiopian News Agency, the official said that poverty reduction is one of the main priorities of Ethiopia's first-ever 10-year Perspective Development Plan, which is to be implemented from July 2020 to 2030, in line with the sustainable development goals.

When we make efforts to achieve the goals on our national plan, we will simultaneously be achieving the Sustainable Development Goals,” Fitsum Assefa Adela said.

The fast growth we registered during GTPs I and II (growth transformation plan, ed) has helped us cut poverty by half. As a result, we have now about 25 million, which is one-fourth of our population, under poverty. So poverty reduction will continue to be the priority in the coming planning period,” she added.

According to the minister, one of the changes to be made over the next ten years will be to not measure poverty solely by consumption as before, but by multidimensional poverty, so that “this poverty should be slashed, if not eliminated 100 percent.”

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Metier Capital Growth Fund III invests an undisclosed sum in Watu Group. Watu operates in 8 African markets, with over 2 million loans disbursed since...
Gabon signed a $3 billion deal with Afreximbank to finance priority investments. The move follows a meeting between President Oligui Nguema...
• BCEAO holds key rates, citing stable growth and low inflation• WAEMU GDP grows 6.5%; inflation drops to 0.6% in Q2• Risks persist from insecurity,...
• WEF identifies 37 financial instruments for nature, highlighting 10 as priority solutions delivering both financial returns and ecological outcomes.•...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
03

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
04

Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...

Malawi’s Election Puts Incumbent Chakwera to the Test on Inflation and Fuel Shortages
05

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.