Tag Archives: trade deficit

NBE Governor seriously concerned by challenges inflation has posed and unsustainability of Ethiopia’s worsening trade imbalance

24 Mar

By Keffyalew Gebremedhin

In his report to parliament, the Governor of the National Bank of Ethiopia (NBE) Teklewold Atnafu on Thursday disclosed that Ethiopia’s inflationary situation has boxed the country into “not easily surmountable problem.”

He said measures being taken to narrow the worsening trade imbalance alongside efforts to stabilize the market against the backdrop of world prices instability have exacerbated the trade deficit problem. He indicated that the country’s inflation is basically dependent on commodities the country imports and exports.
Continue reading

%d bloggers like this: