Ethiopia's Deputy Prime Minister, Temesgen Truneh, stated that the country's economy is witnessing the development of new markets and strong institutions. He made these remarks at the Ethiopian Finance Forum 2026, which is currently underway in Addis Ababa. The forum provides a platform for stakeholders to discuss the country's economic development and the role of the finance sector in driving growth.
According to Deputy Prime Minister Truneh, despite various challenges, Ethiopia is building an economy that is commensurate with its capacity. He emphasized that the government is working to address the challenges and ensure that they accelerate the construction of strong institutions. The development of digital infrastructure is also underway, which will enhance the country's economic management and integrated development.
The Deputy Prime Minister highlighted that the government is providing support to promote innovation and link it with private sector development. He noted that the reforms being implemented are focused on creating opportunities for marginalized communities. The government is working to create a conducive environment for the growth of the economy and to ensure that the benefits of development are shared equitably among all Ethiopians.
Truneh emphasized that Ethiopia needs to look beyond its current situation and focus on building its future capacity. He called on stakeholders to work together to address the challenges facing the economy and to identify solutions that will drive growth and development. The Deputy Prime Minister also urged the forum to come up with practical solutions that will strengthen the finance sector.
The Ethiopian Finance Forum 2026 brings together stakeholders from the public and private sectors to discuss the country's economic development and the role of the finance sector in driving growth. The forum provides a platform for experts to share knowledge, experiences, and best practices in finance and economics. It also offers an opportunity for stakeholders to network and build partnerships that will support the country's economic development.
Deputy Prime Minister Truneh's remarks reflect the government's commitment to building a strong and sustainable economy. The government has been implementing various reforms aimed at promoting economic growth and development. These reforms include the development of digital infrastructure, the promotion of innovation, and the strengthening of institutions.
The development of new markets and strong institutions is critical for Ethiopia's economic growth and development. The country's economy has been growing rapidly in recent years, driven by investments in infrastructure, agriculture, and manufacturing. However, the country still faces significant challenges, including a large trade deficit and a shortage of foreign exchange. The government's efforts to build a strong and sustainable economy are expected to address these challenges and ensure that the country achieves its development goals.
Key points
- Deputy Prime Minister Temesgen Truneh emphasizes the importance of building strong institutions to drive Ethiopia's economic growth.
- The Ethiopian Finance Forum 2026 aims to promote economic growth and development by discussing the role of the finance sector.
- The government is working to promote innovation and link it with private sector development to drive economic growth.
