The money has been raised through debt relief, international aid, and partnerships, state media reported, citing Finance State Minister Eyob Tekalign.

The comprehensive policy aims to foster sustainable growth and inclusive benefits for citizens. With ongoing reforms across agriculture, mining, and tourism, the country has not only alleviated its debt burden from 30% to 17% but is also poised to enhance foreign investment and economic stability, the report said.

Eyob Tekalign also noted that the government’s commitment to solving economic, social, and political challenges is paving the way for Ethiopia’s transition to a middle-income nation.