In mid February 2010, Ministry of Finance and Economic Development (MoFED) representatives attended a workshop in Mombasa, Kenya. The Workshop was about Integrated Financial Management Information System (IFMIS), which MoFED had planned months earlier.

IFMIS, which is expected to raise efficiency, effectiveness and transparency in financial sector has “successfully” finished its pilot phase, after two years. The pilot project, which consumed USD 19 million, had been running under close supervision of MoFED. Since last September, the project has been moving to implement the system in selected ministries, federal agencies and regional bureaus.

Thursday, 01 November 2012 11:11
Published in Economy & Finance
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Awash International Bank (AIB) has set a new organisational structure throughout its head and branch offices. The structure integrates job descriptions and specifications, job grades and titles, salary scale and benefits packages, Ethiopian Business Review learned. The bank has also started grading branches into four classes.

Thursday, 01 November 2012 07:35
Published in Economy & Finance
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  • UNDP, EU and Other Development Partners Sponsor MoFED

For fast growing economies like Ethiopia, economic forecasting is very crucial. Making strategic decisions with uncertainties means that nations are frequently in need of forecasts. This effort can be put into practice at the macro level for country’s GDP, inflation, unemployment or fiscal deficit. It can also be applied at the micro level for specific sectors in the economy or even specific firms. But doing this is not as such an easy task, especially, in developing countries. The lack of analytic forecasting experts of their own, forces least developed countries to rely on global institutions such as the World Bank and International Monetary Fund (IMF).

Thursday, 01 November 2012 06:23
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