Regulatory Alerts2024-09-05
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National Bank of Ethiopia Annual Report 2020-2021
The National Bank of Ethiopia issued its 2020-2021 Annual Report to document a 6.3 percent real GDP expansion and a steady structural shift toward manufacturing and export-led growth across key economic sectors. The publication details how headline inflation reached 20.2 percent, driven by non-food and food price increases, while per capita income rose to USD 1,092 and the investment-to-GDP ratio held at 28.0 percent under a tight monetary policy framework. It outlines required financial sector adjustments, foreign exchange market operations, and government deficit financing to sustain economic stability and support ongoing monetary policy directives.
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