ADDIS ABEBA – The Ministry of Finance and Policy Studies Institute (PSI) have signed on Friday a cooperation agreement to track and guide progress of the Homegrown Economic Reform or HGER Program.
According to the agreement, PSI will support the preparation of a monitoring and evaluation system for the reform package which will support the Ministry’s ongoing efforts to ensure timeliness of implementation and effectiveness of reforms.
“This analysis and other rigorous research studies by PSI will help to inform policymakers in the Ministry of Finance and other implementing ministries of the impact of these important reforms,” the Ministry said in a statement issued after the signing of the agreement.
PSI will specifically undertake a thorough review of the macroeconomic, structural, and sectoral plans in agricultural, manufacturing, mining, tourism, and ICT fields under the HGER.
It will also evaluate the implementation of the HGER program regularly to generate recommendations for future implementation and will conduct rigorous policy analysis on HGER priority areas, including important economic issues such as external macroeconomic imbalances, foreign exchange and currency issues, inflation, fiscal policy, debt sustainability, and job creation.
PSI will also conduct analysis of important pro-business issues such as access to finance, ease of doing business, logistics and power sector development to help further supplement policy-making efforts in these areas.