We put together ten questions often raised by investors during discussions of the Ethiopian macroeconomy and venture to provide some answers that reflect our views and thinking on these issues. We also provide an Appendix with 10 years of macroeconomic data as well as our economic forecasts—covering the real, monetary, fiscal and external sectors—for 2019 and 2020.

1. Is Ethiopia’sdevelopment model about to change?
2. Can high growth rates continue?
3. What investments are driving growth?
4. When will single-digit inflation return?
5. Have debt levels become worrisome?
6.Cansavingscontinueto rise?
7. Will banking keep booming?
8. Is the financial sector opening soon?
9. When is the couldforeign exchange availability start improving?
10. Where is the Birr heading