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According to Brook, pragmatism has been central to the reform process, enabling Ethiopia to adopt policies based on effectiveness rather than ideology.<\/p>\n
Addis Ababa, January 29, 2026 (ENA) -Ethiopia\u2019s shift toward a clearly defined and pragmatic economic policy framework has translated into tangible macroeconomic gains, according to Ethiopian Investment Holdings (EIH) Chief Executive Officer Brook Taye. <\/p>\n
The tangible gains include doubling of gross domestic product and per-capita income over the past five years, he added.<\/p>\n
Speaking at the Conference on Rule of Law and Alternative Dispute Resolution for Sustainable Peace and Development in Bahirdar , the Chief Executive Officer said the government\u2019s key breakthrough since 2018 was ending long-standing ideological confusion and replacing it with what he described as clarity of thought grounded in Ethiopia\u2019s economic realities.<\/p>\n
\u201cFor me, it was all a confusion,\u201d he said, referring to earlier debates over whether Ethiopia should pursue a capitalist or socialist path. <\/p>\n
Therefore, what the government has done from day one since 2018 was establishing a clarity of thought.<\/p>\n
This clarity was first expressed through the Homegrown Economic Reform Agenda, which openly identified structural constraints facing the economy, including foreign exchange shortages, inflation, employment gaps, and data limitations.<\/p>\n
\u201cThis is a clarity of thought with a very simple four-pointer,\u201d he explained, adding that acknowledging these challenges allowed policymakers to design realistic solutions.<\/p>\n
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According to Brook, pragmatism has been central to the reform process, enabling Ethiopia to adopt policies based on effectiveness rather than ideology.<\/p>\n
The EIH CEO noted that the reform approach helped the economy withstand global and domestic shocks while maintaining momentum. <\/p>\n
\u201cThis clarity of thought is what enabled our economy to weather global and domestic challenges and continue in its growth trajectory,\u201d he stated.<\/p>\n
Citing inflation control as an example, Brook noted that inflation declined from 34 percent to 9.7 within a year, alongside continued delivery of major infrastructure and industrial projects.<\/p>\n
Furthermore, Brook stressed that rejecting a zero-sum view between the public and private sectors has also been critical. <\/p>\n
\u201cWe\u2019re not going to compete between private and public. Each has its own role and responsibility,\u201d he said, arguing that this balance accelerated implementation and improved outcomes.<\/p>\n
The CEO finally noted that policy clarity alone is insufficient without capable institutions, stressing that reforms have focused equally on building institutions and professional capacity to sustain long-term growth.<\/p>\n","protected":false},"excerpt":{"rendered":"Addis Ababa, January 29, 2026 (ENA) -Ethiopia\u2019s shift toward a clearly defined and pragmatic economic policy framework has…\n","protected":false},"author":2,"featured_media":51878,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[262,65,305],"class_list":{"0":"post-51877","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethiopia","8":"tag-economy","9":"tag-ethiopia","10":"tag-featured"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/51877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=51877"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/51877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/51878"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=51877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=51877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=51877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}