Various officials of the Ministry of Finance and the Ministry of Planning and Development said that the implementation of the macroeconomic policy will build the capacity of monetary and physical policy and update the foreign exchange management system.
It is known that the government has officially launched the implementation of the macroeconomic policy to achieve continuous economic growth and ensure the universal benefit of the citizens.
According to the Financial Policy Advisor of the Ministry of Finance, the full implementation of the policy has a great contribution in increasing productivity and investment by avoiding the wastage of resources.
He mentioned that it ensures the benefit of the citizens by maintaining foreign exchange and balance of payments as well as physical security.
Bereket Fishatsion, executive director of development planning and public investment management at the Ministry of Planning and Development, explained that the full implementation of the macroeconomic policy can be used to modernize the foreign exchange management system by building financial and physical policy capacity through a strong civil service.
The consultant pointed out that it is significant that the government subsidizes fuel, fertilizer, oil, medicine, and others in the implementation of macroeconomic policy.
Ato Bereket also said that by responding to the private sector’s demand for foreign currency, will enable better productivity and supply of resources.
As a starting point of the policy implementation, preparations have been made to fully utilize financial support from development partner countries and institutions for the targeted development.
ESA reported that for the successful implementation of the macroeconomic policy, especially academicians, judicial institutions, and the general citizens of the business community should fulfill their expectations.