Several policy measures were authorized by the central bank’s Board of Directors in August 2023 in an effort to significantly and sustainably lower inflation.

According to the statement issued on August 11, 2023, NBE’s overarching goal is to bring inflation down to less than 20% by June 2024 and less than 10% by June 2025.

On the most recent data released by the NBE today, the inflation rate decreased to 19.9% in June 2024 (year over year), down from 29.3% at this time last year and 23.30% previous month. (Press Release)

As Ethiopia’s public universities transition to new governance models, strong policies and practices to administer research are key to helping universities secure financial resources, improve their research facilities and labs, attract talented faculty and students, and build international partnerships. 

Continuing its effort to support for Ethiopia’s public universities’ as they transition to autonomous governance, the U.S. Embassy in Ethiopia organized a five-day workshop July 8-12 on university research administration for 20 vice presidents and directors of research from the nation’s leading research universities.  The workshop was organized by Institute of International Education (IIE) and The Ohio State University’s Global One Health initiative (OSU-GOHi) in collaboration with the Ministry of Education.

Experienced research administrators and senior research leaders from The Ohio State University facilitated the workshop and shared practical experiences, with the goal of building the capacity of research administrators and strengthening the institutional systems and research culture at Ethiopian public universities.  The president of Europe Canadia Centre for Innovation and Research also shared experience as a research administrator outside the United States. (Press Release)