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Author: addisstandard

Hone Mandefro and Morten Jerven

A recent report by the World Bank (WB) declared that poverty in Ethiopia is down by 33% since 2000. It attributed the reduction to agricultural growth investments in basic services and effective safety net. “The pace of poverty reduction in Ethiopia has been impressive, especially when compared with other African countries; only Uganda has had higher annual poverty reduction during the same period,” the Bank said in a statement.