Gov’t conducting new damage assessmentA new study reveals that the amount of investment required for Ethiopia to recover from the devastation of the two-year northern war could be upwards of USD 44 billion. Several research papers on the depth of the consequences of conflict in Ethiopia, including effects on the economy, casualties, livelihoods, and communities, were presented. - Advertisement -The data reveals that, based on reported damage, Ethiopia lost 7.5 percent of its GDP to the conflict. Assuming damages were 7.5 percent of GDP, investment over the five-year period would need to be near USD 30 billion. The figures are not far off from initial assessments from the Ministry of Finance, which estimated recovery costs at USD 28 billion a year ago.

Source: Ethiopian News June 01, 2024 06:53 UTC