Finance Minister Ahmed Shide expresses concern over Ethiopian economy

Melat Mulugeta

The 2019 Index of Economic Freedom ranks Ethiopia as the 26th among 47 countries in the Sub-Saharan Africa region, and its overall score is below the regional and world averages. The country’s economy has been challenged due to the on-going political unrest. From foreign currency shortage to accumulated debts, the economy’s sustainability is questionable. The government persists in encouraging the private sector’s participation in transforming the economy. Ahmed Shide, Minister of Finance appointed by PM Abiy Ahmed, expresses concern on the progression of Ethiopia’s economy.