Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

12/14/2012 (1 year ago)

Catholic Online (www.catholic.org)

Analysts say it will take awhile before prosperity reaches the masses

The African nation of Ethiopia has enjoyed remarkable growth over the past several years. There has been a marked growth in industry. However, this has meant little to many Ethiopians who go to bed hungry each night. Experts say that it will take awhile before economic progress is enjoyed by Ethiopia's many other people.

Ethiopia's economy has been percolating at an annual rate of nearly 10 percent for the last seven years. However, a third of the population still lives below the poverty line.

Ethiopia's economy has been percolating at an annual rate of nearly 10 percent for the last seven years. However, a third of the population still lives below the poverty line.

Article Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

12/14/2012 (1 year ago)

Published in Africa

Keywords: Ethiopia, development, poverty, progress, aid


LOS ANGELES, CA (Catholic Online) - As an example, Ethiopia's economy has been percolating at an annual rate of nearly 10 percent for the last seven years. However, a third of the population still lives below the poverty line.
 
Economic advisor for the United Nations Development Program in Ethiopia, Samuel Bwalya says that the nation has to be patient while waiting for a trickle-down effect to lift more people from poverty.

"Ethiopia is starting from a very low base in terms of development, so it should actually take much longer for this impact to take root," Bwalya noted. "So I think we are too much in a hurry to see seven-year growth to start asking questions about how many people are out of poverty. Ethiopia is still very poor. But if you look where Ethiopia is coming from, it has made significant progress in reducing poverty."

While the late Ethiopian Prime Minister Meles Zenawi was praised for his outreach to his nation's poor, the nation is still one of the largest donor recipients worldwide, receiving over $3 billion annually.
 
Ethiopia ranked 174th out of 187 countries in the UNDP's 2011 Human Development Report. Life expectancy here is estimated at just 57 years. Twenty-six percent inflation remains a problem for most people and there are over 12,000 street children in the capital city alone.
 
"Ethiopia is spending over 40 percent of its budget on infrastructure development, public works, schools, health and roads," Bwalya of the UNDP says. He reiterates that ongoing measures by the Ethiopian government will benefit the whole of the Ethiopian population in the long run.

"That is extremely important in the initial period and these are investments that bring impact, slightly, in the medium- to long-term. We don't see the impact of actually constructing a road today, to take impact on the lives of people the next day. It may take a couple of years to do that."

There remain many challenges to make sure the economic growth helps all Ethiopians.

The International Monetary Fund's (IMF) resident representative in Ethiopia Jan Mikkelsen says that the Ethiopian private sector should be able to help the economy overcome some challenges, such as the large number of unemployed young people.

"We believe that most of the employment in the long haul will be generated in the private sector," Mikkelsen noted. "So this will be more dynamic, new jobs in new areas - IT (information technology), trade manufacturing and so forth. That's where sustainable high value jobs will be."

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for April 2014
Ecology and Justice:
That governments may foster the protection of creation and the just distribution of natural resources.
Hope for the Sick: That the Risen Lord may fill with hope the hearts of those who are being tested by pain and sickness.



Comments


More Africa

Sexual and Reproductive Health and Rights? Obianuju Ekeocha on the Strong Winds of Public Moral Opinion Watch

Image of Obianuju Ekeocha

By Obianuju Ekeocha

The sexual revolution is upon us and it is cruel and it is ugly and it is strong just as it is blood thirsty. Within its regime, women are objectified, unborn babies are killed, intact families are torn apart, our cloak of sexual dignity is stripped from us. So ... continue reading


More than 400 people perish in South Sudan's Unity state Watch

Image of Fighting continues unabated between troops loyal to President Kiir, an ethnic Dinka, and forces tied to Machar, an ethnic Nuer and the country's former vice president.

By Catholic Online (NEWS CONSORTIUM)

The targeted killing of hundreds of civilians in South Sudan's Unity state has been denounced as an "abomination" by the United States. The White House appealed to opposition forces and government leaders to condemn those responsible and bring them to justice. ... continue reading


Human right organizations in Algeria highlight shrinking freedoms in nation Watch

Image of The Brakat Movement, which translates into English as

By Kaci Racelma, Catholic Online (NEWS CONSORTIUM)

Human rights organizations have highlighted the shrinking freedoms throughout the African nation of Algeria. The Brakat Movement, which translates into English as "Enough," regretfully states that "our own government threatens our basic freedoms." Comprised ... continue reading


Dozens of people injured in riots in Tizi Ouzou Watch

Image of The unrest that has been swirling around the region in the Berber-speaking area of Tizi-Ouzou is reason for concern among the local population.

By Kaci Racelma (Algiers, Algeria)

Dozens of people have been injured in riots at Tizi Ouzo, which is east of the capital of Algiers in Algeria. The unrest erupted after 77-year-old Algerian President Abdelaziz Bouteflika was re-elected for a fourth term. ALGIERS, ALGERIA (Catholic Online) - The ... continue reading


Hundreds of unarmed men, women and children slaughtered in South Sudanese village Watch

Image of More than one million people have fled their homes since fighting broke out in December between troops backing President Salva Kiir and soldiers loyal to his sacked vice president, Riek Machar.

By Catholic Online (NEWS CONSORTIUM)

In some of the worst violence yet in the world's newest nations, hundreds of unarmed men, women and children were slaughtered by rebels in the South Sudanese town of Bentiu. Refugees had sought refuge in a hospital, mosque and a Catholic church, the United ... continue reading


Nation holds breath over fate of 100 kidnapped schoolgirls Watch

Image of Gunmen raided the school after shooting both a solder and a policemen down in cold blood before herding the students onto trucks and driving away, according to police and eyewitnesses.The gunmen were members of the Islamist group calling itself Boko Haram.

By Catholic Online (NEWS CONSORTIUM)

More than one hundred Nigerian schoolgirls remain missing after a brazen nighttime kidnapping believed to have been carried out by the Islamist terrorist group Boko Haram. The military was forced last to retract an earlier statement that most of the captives ... continue reading


Fifteen soldiers killed in Kabylia as reorganized terrorist groups go on attack Watch

Image of The moment chosen by al-Qaeda's North African branch, al-Qaeda in the Islamic Maghreb, or AQIM fighters to perpetrate their attack is one of great concern.

By Kaci Racelma (Algiers, Algeria)

Two days after the reelection of 77-year-old President Abdelaziz Bouteflika for a fourth term, al-Qaeda in the Islamic Maghreb, or AQIM, reorganized terrorists groups to go on the attack the region of Iboudrarene in Kabylia. Fifteen Algerian soldiers were ... continue reading


Christians, Muslims fight to the death in besieged Central African Republic town Watch

Image of The presence of the French military in Boda is everywhere evident. Flags hang from some shacks and a handful of French armored vehicles sporadically patrol the town.

By Catholic Online (NEWS CONSORTIUM)

The village of Boda in the Central African Republic stands as stark testimony to the anarchy that has gripped one of the African continent's poorest nations. Christians and Islamist Muslims have clashed violently since late 2012, when a battle for political ... continue reading


Andromeda Strain? Ebola outbreak in West Africa is new strain of disease Watch

Image of Using analysis of blood samples from infected patients, researchers determined that while the Guinean form of the Ebola virus (EBOV) showed a 97 percent similarity to the Zaire strain, the disease was not introduced from Central Africa.

By Catholic Online (NEWS CONSORTIUM)

A deadly outbreak of the Ebola virus, a virulent incurable disease where the body's internal organs "melt" in ongoing in West Africa. To date, 122 deaths in Guinea and 13 deaths in Liberia have been blamed on the disease. Since Ebola is endemic to the countries ... continue reading


IMPLACABLE EVIL: Militant Muslim group Boko Haram terrorizes Nigeria Watch

Image of Abubakar Shekau, the leader of Boko Haram has escalated the violence. The group murdered and kidnapped Westerners and started a bombing campaign that targeted churches, mosques and government buildings.

By Catholic Online (NEWS CONSORTIUM)

Boko Haram, whose name means that "Western education is sin" in the native Hausa language of Nigeria, has leaped once again into international headlines with the abduction of more than 100 schoolgirls. The group has bombed schools, churches and mosques; ... continue reading


All Africa News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Acts 3:11-26
11 Everyone came running towards them in great ... Read More

Psalm, Psalms 8:2, 5, 6-7, 8-9
2 even through the mouths of children, or of babes in ... Read More

Gospel, Luke 24:35-48
35 Then they told their story of what had happened on ... Read More

Saint of the Day

Saint of the Day for April 24th, 2014 Image

St. Fidelis of Sigmaringen
April 24: Franciscan Capuchin martyr. He was born Mark Rey is Sigmaringen, ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter