Forex Inflow Tops USD 38bln, Says PM

Over USD 38 billion flowed into Ethiopia over the past 12 months, according to the Prime Minister, who praised his administration’s economic reforms before Parliament today. Exports generated USD 11 billion in revenue, with gold and coffee together accounting for USD 8.7 billion, according to the PM. Remittances, foreign direct investment (FDI), and grants made […]

Forex Inflow Tops USD 38bln, Says PM

Over USD 38 billion flowed into Ethiopia over the past 12 months, according to the Prime Minister, who praised his administration’s economic reforms before Parliament today.

Exports generated USD 11 billion in revenue, with gold and coffee together accounting for USD 8.7 billion, according to the PM.

Remittances, foreign direct investment (FDI), and grants made up the remainder.