02 Aug Macro Monetary Policy Reform in Ethiopia

One of the voices I trust in Ethiopian economics and investment is Ermias Amelga.

We have only a few of his classes in this industry. He has experience in US and Ethiopian investment banking and practical entrepreneurship. He is both an expert and a practitioner. We need more of his types.

He had a recent two-part interview with Sheger FM 102.

I agreed with his balanced assessment of Ethiopia’s recent macroeconomic monetary policy change.

Like every policy change, the success of this one depends heavily on its implementation and the active involvement of all stakeholders.

At least, this macro policy reform may solve one of the constraints the country has been experiencing for years, which has suffocated its growth and deterred the expansion of the private sector.

This change may facilitate a relatively easy Capital flow in and out of the country, leading to an influx of foreign direct investment.

But, as Ermias made clear in the interview, the same policy has had a history of both success and failure. Some countries flourished with it, while others were ruined by it.

Anyway, please check out the interview and share your take on the new policy change and its future prospects.