Ethiopia’s economy doing very well in terms of growth, says IMF chief

Addis Ababa, December 14, 2017 (FBC) -Prime Minister Hailemariam Dessalegn held discussion with Managing Director of the International Monetary Fund (IMF), Christine Lagarde, on various issues of mutual concern today.

The Managing Director arrived in Addis Ababa for an official visit yesterday.

Speaking about the objective of her visit, she said “I am here to better understand the economic development model which has been implemented in Ethiopia.”

This morning, the Managing Director also conferred with President Mulatu Teshome at the National Palace.

Lagarde told journalists after the discussion that “we had a very productive discussion about the Ethiopian economy, which is doing very well in terms of growth and which is clearly at the juncture where it is looking at alternative drives of growth.”

Meles Alem, Spokesperson of the Ministry of Foreign Affairs, who attended the talks between the President and Lagarde, said it was focused on ways to improve the cooperation between the IMF and Ethiopia, which is one of the founding members of the organization.

President Mulatu and the Managing Director also discussed on the pro-poor and inclusive development activities being implemented in the country, he said.

President Mulatu Teshome thanked the organization for the support it has provided for the economic growth registered in Ethiopia.

The IMF chief praised Ethiopia for hosting refuges and its efforts to maintain peace and stability in the neighboring countries.

The Managing Director will visit the Eastern Industry Zone in Dukem this afternoon.

Ethiopia joined IMF, an organization of 189 countries, in December 27, 1945.

During the past 72 years IMF provided various technical supports and training for Ethiopia.

Translated and posted by Amare Asrat