The Exchange Rate : Why It Matters for Structural Transformation and Growth in Ethiopia

For those of you doing business in Ethiopia, this might be of interest to you. From the World Bank – Abstract: Ethiopia has achieved sustained high growth for more than a decade. At the same time, the country has been facing several economic challenges, including falling exports, chronic foreign currency shortages, as well as a slow pace of structural transformation. In recent years, the already overvalued birr has appreciated sharply in real terms, partly driven by the appreciation of the doll

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