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May 19, 2024 3:05 pm

Urgent need for continued investment and support to ensure a more equitable and sustainable future for all Ethiopians.

Despite enjoying strong economic growth in recent years, Ethiopia remains one of the poorest nations in the world, with a staggering one-fourth of the country living in extreme poverty. This dire situation is compounded by the fact that Ethiopia is highly vulnerable to climate disasters, with millions of Ethiopians having been internally displaced due to conflict, drought, and flooding.

According to the World Bank, Ethiopia’s economy has grown at an average rate of around 10 percent per year over the past decade, making it one of the fastest-growing economies in the world. Despite this impressive growth, however, poverty remains widespread, with an estimated 25 percent of Ethiopians living in extreme poverty and struggling to meet even their most basic needs.

Moreover, Ethiopia’s vulnerability to climate disasters has only exacerbated its already precarious situation, with millions of people having been forced to flee their homes due to conflict, drought, and flooding in recent years. In fact, Ethiopia has one of the largest populations of internally displaced persons (IDPs) in the world, with over 2.9 million people having been displaced within the country as of 2021.

The situation is particularly dire in the country’s northern Tigray region, where conflict between government forces and the Tigray People’s Liberation Front (TPLF) has displaced an estimated 2 million people since late 2020. The conflict has also had a devastating impact on the region’s economy, with many farmers unable to plant crops due to insecurity and violence.

The Ethiopian government has acknowledged the severity of the situation and has taken steps to address it, including by implementing social safety net programs to support the most vulnerable populations and by launching efforts to improve infrastructure and create jobs. However, many experts argue that more needs to be done to address the root causes of poverty and vulnerability in Ethiopia, including by addressing issues such as corruption, political instability, and inadequate access to basic services like healthcare and education.

In conclusion, while Ethiopia’s strong economic growth in recent years is certainly cause for optimism, the country’s persistently high levels of poverty and vulnerability to climate disasters underscore the urgent need for continued investment and support to ensure a more equitable and sustainable future for all Ethiopians.

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