colonial times, the country played a paramount role in bringing Africans to unite
under one organisation, the Organisation of African Unity, created in 1963 by 32
independent African states. The country had successfully hosted the UNECA
which was established by the UN in 1958 - 5 years before the creation of the
OAU in 1963.
Ethiopian Airlines
XLVI. The 66-year old Ethiopian Airlines is the pioneer African airline and one of the
most reliable and profitable airlines in developing countries. The Airlines, apart
from facilitating movement in Africa (it currently operates in 34 cities in Africa)
also provides basic pilot and aviation maintenance training to trainees from
several African countries.
Ethiopia’s Road Development Program
XLVII. Through the 10-year Road Sector Development Program (RSDP 1997–2007),
a two-phased integrated package of investments, reforms, and institutional
reorganisation which was later extended to include a third phase up to the end
of June 2010, the Government of Ethiopia has been able to overhaul the road
network. In all, more than 75,000 kilometres of road, including rural access
roads, have been constructed or rehabilitated.
Macroeconomic Policy
Macroeconomic policy making is generally sound and supportive of broad-based
economic growth as reflected in the following indicators: strong economic growth rates
averaging 11. 8 percent between 2003/04 to 2008/09; successful control of inflation
despite recent travails; private investment as a share of in GDP rose from 10.1 percent
in 2004/05 to 18.2 percent in 2006/07; rapid growth of domestic savings from 1 percent
of GDP in 2002/03 to 5.6 percent in 2006/07; reduction in fiscal deficits from 16.4 percent
of GDP in 2002/03 to 8.6 percent in 2007/08.
The Ethiopian Commodity Exchange
XLVIII. The establishment of the Ethiopia Commodity Exchange (ECEX) in line with
Arusha Declaration and Plan of Action on African Commodities of 2005 makes it
possible, for instance, for a trader in India to buy futures of the prized Ethiopian
lentils. The ECEX hopes to create a safe and transparent agriculture market,
where quality, delivery and payment are assured.
Ethiopia’s Ownership of its Development Planning Process
XLIX. Ethiopia’s assertiveness in self-reliant planning is quite commendable. PASDEP
is considered by Development Partners as a domestically developed medium
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