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The Ethiopian News Agency reported on August 25 that Mamo Esmelem, a senior macroeconomic consultant in the Office of the Prime Minister's Office of Ethiopia, said that the government is importing more than 400,000 tons of wheat to curb inflation
.
Mamo said that the endogenous economic reforms implemented by the government in the past three years have brought many changes
.
For example, in the 2020/2021 fiscal year, Ethiopia’s exports totaled US$3.
6 billion, a year-on-year increase of 19.
5%; foreign direct investment attracted US$3.
9 billion, a year-on-year increase of 64%.
The telecommunications license fees paid by the “Ethiopian Global Partnership” consortium contributed to foreign investment.
The main factor of traffic growth
.
Mamo emphasized that inflation is still the main challenge facing Ethiopia's economic development and has not yet been effectively resolved
.
The main reason for this situation is the gap in supply and demand and rising prices of imported goods
.
Mamo explained that the price of iron ingots on the international market rose by 32%, the price of oil rose by 41%, and the price of food commodities rose by 13%
.
.
Mamo said that the endogenous economic reforms implemented by the government in the past three years have brought many changes
.
For example, in the 2020/2021 fiscal year, Ethiopia’s exports totaled US$3.
6 billion, a year-on-year increase of 19.
5%; foreign direct investment attracted US$3.
9 billion, a year-on-year increase of 64%.
The telecommunications license fees paid by the “Ethiopian Global Partnership” consortium contributed to foreign investment.
The main factor of traffic growth
.
Mamo emphasized that inflation is still the main challenge facing Ethiopia's economic development and has not yet been effectively resolved
.
The main reason for this situation is the gap in supply and demand and rising prices of imported goods
.
Mamo explained that the price of iron ingots on the international market rose by 32%, the price of oil rose by 41%, and the price of food commodities rose by 13%
.
