Ethiopia’s economy is in the midst of an economic turnaround that has seen it overtake the U.S. as the world’s biggest agricultural producer.
A new government has promised to boost growth, boost employment and revive agriculture.
But the country’s political instability has prevented progress, and there is little to celebrate in the country.
The Economist reports that the economy of Ethiopia is booming.
“The GDP has expanded more than fivefold since 2005, according to the countrys economic development agency.
The country’s growth rate has increased by almost four-fold over the past five years,” the Economist reports.
The economic growth has been driven by a huge influx of foreign capital.
Ethiopia’s president, Gubede Mahbubane, has promised more than $3 billion to boost the economy, and he is currently seeking a $1 billion loan from the IMF.
However, the country has been struggling to achieve economic growth.
Mahbubene has promised a 15 percent boost in investment and a doubling of the number of employees.
The new president has also promised to create jobs in agriculture and improve the countryís land and water management.
“We have to create an environment of entrepreneurship and innovation.
This will be a big achievement for Ethiopia,” Mahbubanes deputy spokesman said.
The economy of Ethiopian agriculture has grown at an impressive rate, according the government.
The number of farmers has increased from 12 million in 2005 to about 43 million in 2020.
However the country is still struggling to create a good-paying, well-paying job.
According to the United Nations, in 2018 the number to be employed in agriculture was just 5 percent of the total workforce.
“I am happy to announce that we have achieved this target.
We have made a great contribution to the Ethiopian economy,” Mahubane said in a press conference.
The government has also announced a $50 million investment program aimed at boosting the country to the point where it can compete with countries like China and Brazil.
The investment includes a new state-of-the-art university, a high-speed train and a state-owned water and power company.
The $50 billion will be spent on agricultural investment, irrigation, and water infrastructure.
“What is happening in Ethiopia today is very positive.
We are in a good situation for agriculture.
It is the time to invest in it,” Mahabubane told reporters in October.
He said the government would also increase the number and pace of irrigation projects.
In January, the Ethiopian government announced that it would allocate $3.5 billion to improve the agriculture sector.
The Ethiopian government has been working on improving the agriculture economy and improving its quality and productivity.
However Mahabebuane is still trying to make good on his promise of $1.5 million per worker for all Ethiopians.
He is hoping to get that number up to $1 million per person by 2019.
The money will be used to invest to upgrade irrigation infrastructure, hire more workers, and expand production.
“Today, Ethiopia is very strong in the agricultural sector.
We want to grow our industry and become a good competitor with the rest of the world,” Mahibubane noted.
The Government has been trying to increase the amount of land and irrigate the country since 2009.
However it is hard to see how the government can achieve the promised number of jobs.
There are still only about 9 million acres of farmland in the nation.
There is also little to show for the investment.
“At the end of the day, what matters is what we are able to do.
If we can improve our agricultural sector, that will have a positive impact on the country,” Mahaba said.