The Ethiopian government has revealed the real damage caused by the two-year war in the Tigray region, which the warring parties have recently reconciled.
The Minister of Finance of Ethiopia, Ahmed Shide Mohamed, who opposed the report of the 9 bills to the Budget Planning Committee of the People’s Assembly, said that the Ethiopian government has lost 1.5 trillion Birr in the war in the Tigray region, equivalent to 22 billion dollars, which is equivalent to 20.4 percent of Ethiopia’s gross domestic product.
The minister noted that the loss is beyond the money directly poured into the war, and the number of people who died in the war has not yet been ascertained, but the people living in the areas where the war took place have been affected in various ways. Those affected are estimated to be around 3 million people.
On the other hand, Minister Ahmed Shide said that they intend to recover the losses and rebuild the region of Tigray, which has been badly damaged by the long-term wars in that area.
The minister’s statement comes at a time when the economy of Ethiopia is said to have declined, due to the wars that the country has been in for the past two years, and there has also been widespread inflation that has affected the entire country of Ethiopia, which contributed to the collapse of the economy in Ethiopia, while the iron currency in Ethiopia is gradually decreasing.
