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Ethiopia must avoid double-digit inflation, at all costs – World Bank

26 Jul

Posted by The Ethiopia Observatory (TEO)

Guang Z. Chen, WB country director for Ethiopia

The World Bank this year set a record high funding to Ethiopia.

UntitledThe record was set both in terms of disbursement and commitment. Guang Zhe Chen, director of WB for Ethiopia, speaks about issues pertinent to the economy. One such case, perhaps, is access to finance. Manufacturing and the private sector is the other topic where Chen shared his views. Birhanu Fikade of The Reporter sat down with the country director to talk about the recent recurrent budget. Chen warns that Ethiopia should not go back to the double-digit inflationary status following the salary adjustments. Excerpts:
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