Currencies:
RUB/USD 0,0104
0,0001
BRL/USD 0,173
0,0008
INR/USD 0,0115
0,0001
CNY/USD 0,136
0,0009
ZAR/USD 0,0541
0,0001
IDR/USD 0,0001
0,0000
Weather:
Moscow -7 °C
Brazilia 19 °C
New Delhi 14 °C
Beijing 5 °C
Pretoria 19 °C
Cairo 12 °C
Tehran 5 °C
Abu Dhabi 19 °C
Jakarta 33 °C
Menu
Broadcast «BIZtalk: BRICS financial cooperation»
-7 °C
Moscow
19 °C
Brazilia
19 °C
New Delhi
5 °C
Beijing
19 °C
Pretoria
12 °C
Cairo
5 °C
Tehran
19 °C
Abu Dhabi
33 °C
Jakarta
RUB/USD
0,0104
0,0001
BRL/USD
0,173
0,0008
INR/USD
0,0115
0,0001
CNY/USD
0,136
0,0009
ZAR/USD
0,0541
0,0001
IDR/USD
0,0001
0,0000
TV BRICS Apps
Home
News
Videos
Podcasts
Menu
01:20 «BIZtalk: BRICS financial cooperation»
01:20 «BIZtalk: BRICS financial cooperation»
Now 16+
01:20

«BIZtalk: BRICS financial cooperation»

It is indicated Moscow time in the programme. Please take into account the time difference with your time zone.
01:50 «City of stories»
Next
01:50

«City of stories»

16+
02:20

«BRICSterview»

16+
02:45

«Laboratorium»

16+
Иконка с часами 23 minutes 26 sec.
Indian Ambassador to Russia Vinay Kumar: "BRICS cooperation model meets socio-economic development needs of the Global South"
Иконка с часами 22 minutes 41 sec.
Ambassador Extraordinary and Plenipotentiary of Ethiopia to Russia, Genet Teshome Jirru: "BRICS is very important for us"
Иконка с часами 14 minutes 55 sec.
Political scientist Richard Sakwa: "BRICS is the foundation of more mature international politics"
29.01.2511:11 Culture
Russia to release jubilee cycle about world-famous international authors of "Za Rubezhom" publication
28.01.2510:56 Culture
Young artists from BRICS countries to come to Moscow for training in 2025
27.01.2512:06 Culture
TV BRICS premieres film about gold mining in Urals to industry professionals in Ekaterinburg
Ethiopia
15.01.25 18:04
Economics

Ethiopia presents results of financial transformation for 2024

Ethiopia shows impressive results of financial reforms: economic growth and investment inflows 

Mamo Mihretu, representative of Ethiopian bank presented the results of financial in the economic sector. Reforms aimed at modernising the financial sector have already yielded significant results, including a surge in foreign exchange inflows and a doubling of bank reserves. This is reported by Fana Media Corporation, a partner of TV BRICS.

He expressed confidence in the further development of key sectors of the economy. Agriculture is showing productivity growth, and mining is becoming one of the main drivers of the economy. Gold exports reached US$1 billion in the first four months of this year, up from US$255 million in the whole of last year. 

To support the population, the government has introduced a social protection programme to help poor families and indexation of wages. Mamo Mihretu expressed confidence that further economic development would be accompanied by job creation and active participation of the private sector. 

Promising areas included investment in agriculture, which was projected to lower food prices and strengthen export potential. The opening up of sectors such as logistics, banking, telecommunications, energy and retail should attract significant foreign investment. 

Ethiopia is also strengthening its position in clean energy: almost 99 per cent of the country's electricity is generated from renewable sources. Thanks to this, as well as demographic advantages, the country is projected by the IMF to post robust economic growth of 8 per cent over the next four years. 

Photo: iStock
Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data

MORE ON THE TOPIC

11.02.2513:30 Economics
Iran strengthens trade ties with Uzbekistan with new food industry sales office
10.02.2510:30 Economics
Zimbabwe secures investment to expand irrigation and strengthen food security
08.02.2510:30 Economics
Vietnam’s rubber exports to Malaysia soar over fivefold in 2024
07.02.2515:35 Economics
UAE’s foreign trade reaches historic high in 2024
06.02.2512:26 Economics
Indonesia eyes leadership in Southeast Asia's AI landscape through robust digital growth
05.02.2515:35 Economics
Vietnam-India trade reaches US$15 billion in 2024
07.02.2514:31 Society
Irina Petrunina, Director of Department for Competition, Energy Efficiency, and Environment of Russian Ministry of Economic Development: Russia works intensively with BRICS in energy transition field
24.01.2518:08 Society
Indonesia in BRICS: bridge between the Global South and East
13.01.2516:16 Economics
How BRICS strengthens regional digital trade
Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data