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Drought Won’t Hurt GDP Growth Forecasts, Ethiopia Says

Ethiopia has kept its economic growth forecast at 10 percent for the 2015/16 fiscal year despite a drought, its finance minister said, adding it was affecting agricultural areas only and he did not expect to divert resources from the budget to respond to it. Failed rains during both the spring and summer have had devastating consequences for the Horn of Africa nation, creating food and water shortages. The government and aid agencies say Ethiopia needs $600 million to cope with the...

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