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
Santam secures license to open reinsurance branch in India’s GIFT City Becomes first BRICS-based insurer to establish reinsurance presence there Move...
Proparco grants 9 billion naira guarantee to support MSME lending Risk-sharing tool could unlock up to 18 billion naira in loans over two years Move...
Coris Holding confirmed its plan to enter Gabon’s banking market after expanding into Chad in 2024. BGFIBank Gabon granted 71.29% of new loans in the...
Driven by surging valuations and economic reforms, Nigeria’s capital market now accounts for 33% of GDP, with total capitalization up 125% in less than...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...

Nigeria: Investigation on Chinese Owned Temu Regarding Privacy Breach Concerns for Local Users
04

West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...

BOAD Launches 2026–2030 Strategy With Boston Consulting Group Support
05

The fast-growing installment payment market is set to expand sharply across the continent, even as s...

Africa’s ‘Buy Now, Pay Later’ Market to Triple to $16.8 Billion by 2031, Report Says
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.