During the past two decades, Ethiopia's ambitious economic initiatives to become middle income country managed to progressively grow and develop its economy. The country has given ample focus to sectors like tourism increasing their GDP contribution to the entire economic key factors. Addressing the country development shortfalls and poverty reduction initiatives has grabbed the nation attention working on better policies improving infrastructural constraints. Among other sectors tourism received ample attention preserving historical sights and developing infrastructure which has been the biggest setback of the industry.
The World Bank says over 40 per cent of the global poor population live in developing countries where growth during the 2015 fiscal year has been low. To rectify this problem developing countries "should focus on building resilience to a weaker economic environment and shielding the most vulnerable. The benefits from reforms to governance and business conditions are potentially large and could help offset the effects of slow growth in larger economies." Jim Yong Kim World Bank President said. Public investment, consumer spending, and mining production is expected to grow Côte d'Ivoire, Ethiopia, Mozambique, Rwanda, and Tanzania sustaining rapid growth having the highest increases according to the World Bank Group economic analysis report.
The World Bank Group and Jumia Travel economic progress reports noted that Ethiopia had registered substantive growth in the past and predict it will continue to register growth in the coming years as well. Certainly, Ethiopia has been registering double digit economic growth due to the rising public investment and foreign direct investment and booming manufacturing and construction that helped the country to sustain its growth from all sectors.