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ETHIOPIA - 2016 - 2020 Country Strategy Paper "Promoting Green Economic Transformation
Ethiopia has continued to experience relative stability. Following the death of Meles Zenawi in 2012, there has been a smooth transition of political power to the new Premier, Hailemariam Desalegn, as the Ethiopian People’s Revolutionary Democratic Front was given another popular mandate in the May 2015 national elections. The country has also continued to post strong and inclusive economic growth. The annual real gross domestic product (GDP) growth rate has averaged 10.8% since 2004/05. In addition, the high GDP growth has been relatively inclusive, as it has uplifted about 20 million people out of poverty and facilitated the achievement of most of the Millennium Development Goals (MDGs) targets.