Regulatory Alerts2013-11-01
National Bank of Ethiopia Annual Report 2012-2013
The National Bank of Ethiopia issued its 2012-2013 Annual Report to document a 9.7 percent real GDP growth driven by service, agricultural, and industrial sector expansions alongside a 150 percent surge in micro and small enterprise credit. The publication outlines infrastructure and social development targets under the Growth and Transformation Plan, highlighting an 85,966-kilometer road network expansion, improved potable water access to 68.5 percent of the population, and rising domestic savings to 17.7 percent of GDP. These sectoral performance metrics and policy alignments project sustained single-digit inflation and robust economic expansion through the 2013-2014 fiscal year.
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