Sunday, December 9, 2012

Despite Fast Growth, Ethiopia Still Plagued by Poverty


Ethiopia's economy has grown at an annual rate of nearly 10 percent for the last seven years. But a third of the population still lives below the poverty line. Samuel Bwalya is the economic advisor for the United Nations Development Program (UNDP) in Ethiopia. Bwalya says that the country 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.  Read more...

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